NAMI Corp. (NASDAQ:NAMI) Short Interest Up 43.8% in December

NAMI Corp. (NASDAQ:NAMI) saw a significant 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. Based on an average trading volume of 45,478 shares, the short-interest ratio is presently 0.9 days. Currently, 0.1% of the company’s stock are sold short. Currently, 0.1% of the company’s stock are sold short. Based on an average trading volume of 45,478 shares, the short-interest ratio is presently 0.9 days.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of NAMI in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, NAMI presently has a consensus rating of “Sell”.

NAMI Stock Up 2.8%

Shares of NAMI opened at $0.70 on Monday. NAMI has a twelve month low of $0.56 and a twelve month high of $4.61. The company has a 50 day moving average of $0.73 and a 200-day moving average of $0.91.

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.

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.