Short Interest in NAMI Corp. (NASDAQ:NAMI) Declines By 40.8%

NAMI Corp. (NASDAQ:NAMI) was the recipient of a large drop in short interest during the month of May. As of May 29th, there was short interest totaling 13,106 shares, a drop of 40.8% from the May 14th total of 22,123 shares. Based on an average daily volume of 312,462 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.0% of the shares of the company are short sold.

Analyst Ratings Changes

Separately, Weiss Ratings raised NAMI from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Wednesday, June 3rd. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock has an average rating of “Sell”.

NAMI Trading Down 4.5%

Shares of NAMI stock traded down $0.01 during trading hours on Monday, hitting $0.24. 144,781 shares of the company’s stock traded hands, compared to its average volume of 790,177. NAMI has a 12-month low of $0.22 and a 12-month high of $2.05. The company has a fifty day simple moving average of $0.41 and a 200-day simple moving average of $0.56.

Shares of NAMI are set to reverse split on Tuesday, June 23rd. The 1-625 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the market closes on Monday, June 22nd.

NAMI (NASDAQ:NAMI) last announced its quarterly earnings data on Tuesday, April 28th. The company reported ($0.06) earnings per share for the quarter. The company had revenue of $14.97 million during the quarter.

About NAMI

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.