NiSun International Enterprise Development Group Co., Ltd. (NASDAQ:NISN) Sees Significant Increase in Short Interest

NiSun International Enterprise Development Group Co., Ltd. (NASDAQ:NISN) was the target of a significant increase in short interest in the month of January. As of January 15th, there was short interest totaling 26,542 shares, an increase of 63.0% from the December 31st total of 16,283 shares. Approximately 0.6% of the company’s shares are sold short. Based on an average trading volume of 40,090 shares, the days-to-cover ratio is presently 0.7 days. Based on an average trading volume of 40,090 shares, the days-to-cover ratio is presently 0.7 days. Approximately 0.6% of the company’s shares are sold short.

NiSun International Enterprise Development Group Price Performance

NASDAQ NISN traded down $0.06 on Friday, hitting $0.99. The stock had a trading volume of 61,637 shares, compared to its average volume of 30,097. The business’s fifty day moving average price is $2.02 and its 200 day moving average price is $3.22. NiSun International Enterprise Development Group has a 52-week low of $0.91 and a 52-week high of $9.33.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of NiSun International Enterprise Development Group in a research report on Friday, December 26th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock currently has an average rating of “Sell”.

Hedge Funds Weigh In On NiSun International Enterprise Development Group

An institutional investor recently raised its position in NiSun International Enterprise Development Group stock. Squarepoint Ops LLC lifted its position in NiSun International Enterprise Development Group Co., Ltd. (NASDAQ:NISN) by 38.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 22,878 shares of the company’s stock after purchasing an additional 6,325 shares during the quarter. Squarepoint Ops LLC owned about 0.50% of NiSun International Enterprise Development Group worth $89,000 as of its most recent SEC filing. 4.73% of the stock is owned by institutional investors.

NiSun International Enterprise Development Group Company Profile

NiSun International Enterprise Development Group Limited (NASDAQ: NISN) is a China-based diversified enterprise primarily engaged in the procurement and distribution of telecommunications products, property services and outdoor advertising. Through its telecommunications segment, NiSun sources and supplies prepaid calling cards, prepaid cellular cards and recharge vouchers for major domestic carriers, including China Mobile, China Unicom and China Telecom. This business leverages the company’s nationwide distribution network to serve retail outlets, convenience stores and e-commerce platforms across Mainland China.

In addition to its telecom operations, NiSun provides property management and commercial real estate services.