Nisun International Enterprise Development Group Co., Ltd (NASDAQ:NISN) Sees Significant Decrease in Short Interest

Nisun International Enterprise Development Group Co., Ltd (NASDAQ:NISNGet Rating) saw a large drop in short interest in March. As of March 31st, there was short interest totalling 141,600 shares, a drop of 52.1% from the March 15th total of 295,400 shares. Currently, 0.7% of the shares of the company are sold short. Based on an average daily volume of 349,500 shares, the days-to-cover ratio is presently 0.4 days.

Shares of NASDAQ:NISN opened at $0.89 on Thursday. Nisun International Enterprise Development Group has a 1-year low of $0.72 and a 1-year high of $18.26. The business’s 50 day moving average is $0.97 and its 200-day moving average is $4.75.

Several institutional investors have recently bought and sold shares of the stock. Invesco Ltd. lifted its position in shares of Nisun International Enterprise Development Group by 21.5% during the 3rd quarter. Invesco Ltd. now owns 14,393 shares of the company’s stock worth $170,000 after buying an additional 2,549 shares during the period. Morgan Stanley bought a new position in shares of Nisun International Enterprise Development Group during the 1st quarter worth approximately $54,000. Cubist Systematic Strategies LLC bought a new position in shares of Nisun International Enterprise Development Group during the 4th quarter worth approximately $47,000. Millennium Management LLC lifted its position in shares of Nisun International Enterprise Development Group by 268.9% during the 2nd quarter. Millennium Management LLC now owns 59,142 shares of the company’s stock worth $633,000 after buying an additional 43,112 shares during the period. Finally, Marshall Wace LLP lifted its position in shares of Nisun International Enterprise Development Group by 190.3% during the 3rd quarter. Marshall Wace LLP now owns 65,978 shares of the company’s stock worth $779,000 after buying an additional 43,252 shares during the period. Institutional investors and hedge funds own 15.45% of the company’s stock.

About Nisun International Enterprise Development Group (Get Rating)

Nisun International Enterprise Development Group Co, Ltd (NASDAQ: NISN) is a technology-driven, integrated supply chain solutions provider focused on transforming the corporate finance industry. Leveraging its rich industry experience, Nisun is dedicated to providing professional supply chain solutions to Chinese and foreign enterprises and financial institutions.

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