NAMI Corp. (NASDAQ:NAMI) Shares Shorted: Short Interest Up 539.7% in September

NAMI Corp. (NASDAQ:NAMI) was the target of a large increase in short interest in September. As of September 30th, there was short interest totaling 303,550 shares, an increase of 539.7% from the September 15th total of 47,452 shares. Based on an average daily volume of 6,196,709 shares, the short-interest ratio is presently 0.0 days. Currently, 9.6% of the shares of the stock are short sold.

Analysts Set New Price Targets

Separately, Weiss Ratings downgraded NAMI from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Tuesday, September 29th. One analyst has rated the stock with a Sell rating. According to MarketBeat, the company presently has a consensus rating of “Sell”.

NAMI Stock Up 4.8%

Shares of NASDAQ NAMI traded up $0.10 during midday trading on Friday, reaching $2.19. The stock had a trading volume of 19,022 shares, compared to its average volume of 4,700,400. The company’s 50 day moving average price is $2.45 and its 200 day moving average price is $6.46. NAMI has a twelve month low of $1.55 and a twelve month high of $26.75.

NAMI (NASDAQ:NAMI) last posted its quarterly earnings data on Tuesday, September 22nd. The company reported ($3.31) earnings per share for the quarter. The firm had revenue of $10.46 million for the quarter.

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.