Short Interest in NAMI Corp. (NASDAQ:NAMI) Grows By 43.8%

NAMI Corp. (NASDAQ:NAMI) was the target of a large growth in short interest in December. As of December 31st, there was short interest totaling 39,977 shares, a growth of 43.8% from the December 15th total of 27,795 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average trading volume of 45,478 shares, the days-to-cover ratio is presently 0.9 days. Based on an average trading volume of 45,478 shares, the days-to-cover ratio is presently 0.9 days. Approximately 0.1% of the company’s stock are short sold.

NAMI Price Performance

Shares of NAMI traded up $0.02 during mid-day trading on Friday, hitting $0.70. 9,633 shares of the company’s stock were exchanged, compared to its average volume of 27,472. NAMI has a 52 week low of $0.56 and a 52 week high of $4.61. The company has a 50-day simple moving average of $0.73 and a 200 day simple moving average of $0.92.

NAMI (NASDAQ:NAMI) last announced its quarterly earnings data on Tuesday, September 30th. The company reported ($0.18) EPS for the quarter. The firm had revenue of $14.55 million for the quarter.

NAMI announced that its Board of Directors has approved a stock repurchase program on Wednesday, October 22nd that allows the company to buyback $0.00 in outstanding shares. This buyback authorization allows the company to repurchase shares of its stock through open market purchases. Shares buyback programs are generally a sign that the company’s board of directors believes its stock is undervalued.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of NAMI in a report on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the company has an average rating of “Sell”.

NAMI Company Profile

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.