NAMI Corp. (NASDAQ:NAMI) Sees Large Increase in Short Interest

NAMI Corp. (NASDAQ:NAMI) saw a significant increase in short interest during the month of June. As of June 15th, there was short interest totaling 297,078 shares, an increase of 2,166.7% from the May 31st total of 13,106 shares. Approximately 0.4% of the company’s shares are short sold. Based on an average trading volume of 1,058,240 shares, the days-to-cover ratio is currently 0.3 days.

NAMI Trading Down 12.8%

Shares of NASDAQ:NAMI opened at $4.34 on Friday. NAMI has a one year low of $3.38 and a one year high of $51.25. The company has a 50 day moving average of $0.44 and a 200-day moving average of $0.56.

NAMI (NASDAQ:NAMI) last posted its quarterly earnings results on Tuesday, April 28th. The company reported ($1.62) earnings per share for the quarter. The company had revenue of $14.96 million for the quarter.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings cut NAMI from a “sell (d-)” rating to a “sell (e+)” rating in a report on Wednesday, June 17th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, NAMI has an average rating of “Sell”.

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.