NAMI Corp. (NASDAQ:NAMI) Sees Significant Drop in Short Interest

NAMI Corp. (NASDAQ:NAMI) was the recipient of a large drop in short interest in the month of July. As of July 31st, there was short interest totaling 8,547 shares, a drop of 53.1% from the July 15th total of 18,230 shares. Based on an average daily volume of 7,878 shares, the short-interest ratio is presently 1.1 days. Approximately 0.3% of the company’s shares are sold short.

Wall Street Analyst Weigh In

Separately, Weiss Ratings downgraded shares of NAMI from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Wednesday, July 29th. One analyst has rated the stock with a Sell rating, According to MarketBeat, the company currently has an average rating of “Sell”.

NAMI Trading Down 8.1%

Shares of NAMI traded down $0.28 on Friday, reaching $3.17. The stock had a trading volume of 110,283 shares, compared to its average volume of 3,121,714. The company has a 50-day simple moving average of $4.09 and a 200-day simple moving average of $9.47. NAMI has a 12-month low of $2.39 and a 12-month high of $51.25.

NAMI Company Profile

Jinxin Technology Holding Co engages in the provision of digital content services. The company was founded in August 2015 and is headquartered in Shanghai, China.