NiSun International Enterprise Development Group Co., Ltd. (NASDAQ:NISN) Sees Large Drop in Short Interest

NiSun International Enterprise Development Group Co., Ltd. (NASDAQ:NISN) saw a large drop in short interest during the month of January. As of January 30th, there was short interest totaling 9,777 shares, a drop of 63.2% from the January 15th total of 26,542 shares. Based on an average daily volume of 25,622 shares, the short-interest ratio is currently 0.4 days. Currently, 0.2% of the shares of the company are short sold. Currently, 0.2% of the shares of the company are short sold. Based on an average daily volume of 25,622 shares, the short-interest ratio is currently 0.4 days.

NiSun International Enterprise Development Group Trading Up 7.9%

NASDAQ NISN opened at $1.30 on Wednesday. The business’s 50 day moving average is $1.67 and its two-hundred day moving average is $3.05. NiSun International Enterprise Development Group has a 12-month low of $0.91 and a 12-month high of $9.33.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of NiSun International Enterprise Development Group in a research note on Friday, December 26th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock currently has an average rating of “Sell”.

Institutional Trading of NiSun International Enterprise Development Group

A hedge fund recently raised its stake in NiSun International Enterprise Development Group stock. Squarepoint Ops LLC increased its stake in shares of NiSun International Enterprise Development Group Co., Ltd. (NASDAQ:NISN) by 38.2% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 22,878 shares of the company’s stock after buying an additional 6,325 shares during the period. Squarepoint Ops LLC owned about 0.50% of NiSun International Enterprise Development Group worth $89,000 as of its most recent filing with the Securities and Exchange Commission. Institutional investors own 4.73% of the company’s stock.

NiSun International Enterprise Development Group Company Profile

NiSun International Enterprise Development Group Limited (NASDAQ: NISN) is a China-based diversified enterprise primarily engaged in the procurement and distribution of telecommunications products, property services and outdoor advertising. Through its telecommunications segment, NiSun sources and supplies prepaid calling cards, prepaid cellular cards and recharge vouchers for major domestic carriers, including China Mobile, China Unicom and China Telecom. This business leverages the company’s nationwide distribution network to serve retail outlets, convenience stores and e-commerce platforms across Mainland China.

In addition to its telecom operations, NiSun provides property management and commercial real estate services.