NiSun International Enterprise Development Group Co., Ltd. (NASDAQ:NISN) Short Interest Update

NiSun International Enterprise Development Group Co., Ltd. (NASDAQ:NISN) was the target of a significant decline in short interest during the month of October. As of October 15th, there was short interest totaling 10,300 shares, a decline of 44.6% from the September 30th total of 18,600 shares. Based on an average trading volume of 27,700 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.3% of the company’s stock are sold short. Currently, 0.3% of the company’s stock are sold short. Based on an average trading volume of 27,700 shares, the days-to-cover ratio is presently 0.4 days.

Hedge Funds Weigh In On NiSun International Enterprise Development Group

An institutional investor recently bought a new position in NiSun International Enterprise Development Group stock. XTX Topco Ltd purchased a new position in NiSun International Enterprise Development Group Co., Ltd. (NASDAQ:NISN) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 10,588 shares of the company’s stock, valued at approximately $72,000. XTX Topco Ltd owned approximately 0.27% of NiSun International Enterprise Development Group as of its most recent filing with the Securities & Exchange Commission. 4.73% of the stock is owned by institutional investors and hedge funds.

NiSun International Enterprise Development Group Stock Performance

Shares of NISN opened at $3.82 on Friday. The stock has a fifty day moving average price of $3.78 and a 200 day moving average price of $4.17. NiSun International Enterprise Development Group has a 12 month low of $3.22 and a 12 month high of $11.31.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (d)” rating on shares of NiSun International Enterprise Development Group in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has an average rating of “Sell”.

About NiSun International Enterprise Development Group

Nisun International Enterprise Development Group Co, Ltd (NASDAQ: NISN) is a technology-driven, integrated supply chain solutions provider focused on transforming the corporate finance industry. Leveraging its rich industry experience, Nisun is dedicated to providing professional supply chain solutions to Chinese and foreign enterprises and financial institutions.