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

NiSun International Enterprise Development Group Co., Ltd. (NASDAQ:NISN) saw a significant growth in short interest during the month of January. As of January 15th, there was short interest totaling 26,542 shares, a growth of 63.0% from the December 31st total of 16,283 shares. Based on an average daily volume of 40,090 shares, the short-interest ratio is currently 0.7 days. Currently, 0.6% of the shares of the stock are short sold. Currently, 0.6% of the shares of the stock are short sold. Based on an average daily volume of 40,090 shares, the short-interest ratio is currently 0.7 days.

NiSun International Enterprise Development Group Trading Down 5.3%

NISN stock opened at $0.99 on Monday. NiSun International Enterprise Development Group has a twelve month low of $0.91 and a twelve month high of $9.33. The firm’s fifty day simple moving average is $2.02 and its two-hundred day simple moving average is $3.21.

Institutional Inflows and Outflows

An institutional investor recently raised its position in NiSun International Enterprise Development Group stock. Squarepoint Ops LLC boosted its holdings in shares of NiSun International Enterprise Development Group Co., Ltd. (NASDAQ:NISN) by 38.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,878 shares of the company’s stock after acquiring an additional 6,325 shares during the period. Squarepoint Ops LLC owned about 0.50% of NiSun International Enterprise Development Group worth $89,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors and hedge funds own 4.73% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of NiSun International Enterprise Development Group in a research note on Friday, December 26th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company has a consensus rating of “Sell”.

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.