Short Interest in NAMI Corp. (NASDAQ:NAMI) Declines By 30.7%

NAMI Corp. (NASDAQ:NAMI) was the target of a large drop in short interest in September. As of September 30th, there was short interest totaling 27,800 shares, a drop of 30.7% from the September 15th total of 40,100 shares. Based on an average trading volume of 789,700 shares, the short-interest ratio is currently 0.0 days. Based on an average trading volume of 789,700 shares, the short-interest ratio is currently 0.0 days.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in NAMI stock. XTX Topco Ltd purchased a new position in shares of NAMI Corp. (NASDAQ:NAMI) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 26,778 shares of the company’s stock, valued at approximately $75,000.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of NAMI in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, NAMI currently has a consensus rating of “Sell”.

NAMI Stock Down 2.2%

NAMI opened at $0.90 on Friday. NAMI has a 52 week low of $0.84 and a 52 week high of $7.75. The business’s 50 day moving average is $1.04 and its two-hundred day moving average is $1.58.

NAMI declared that its board has approved a stock repurchase program on Wednesday, October 22nd that permits the company to buyback $0.00 in outstanding shares. This buyback authorization permits the company to buy shares of its stock through open market purchases. Shares buyback programs are typically an indication that the company’s leadership believes its stock is undervalued.

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.