Short Interest in Nisun International Enterprise Development Group Co., Ltd (NASDAQ:NISN) Increases By 201.6%

by · The Markets Daily

Nisun International Enterprise Development Group Co., Ltd (NASDAQ:NISN – Get Free Report) saw a significant growth in short interest during the month of October. As of October 15th, there was short interest totalling 152,600 shares, a growth of 201.6% from the September 30th total of 50,600 shares. Based on an average daily volume of 129,300 shares, the short-interest ratio is currently 1.2 days. Currently, 5.2% of the shares of the stock are short sold.

Nisun International Enterprise Development Group Trading Up 5.2 %

NISN traded up $0.47 during trading hours on Friday, hitting $9.54. The company’s stock had a trading volume of 235,672 shares, compared to its average volume of 145,211. The business’s 50-day moving average price is $13.30 and its 200-day moving average price is $8.87. Nisun International Enterprise Development Group has a 12 month low of $2.19 and a 12 month high of $22.55.

Nisun International Enterprise Development Group declared that its board has approved a stock repurchase program on Wednesday, October 9th that permits the company to buyback $15.00 million in shares. This buyback authorization permits the company to repurchase up to 28.1% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s leadership believes its shares are undervalued.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Nisun International Enterprise Development Group stock. Quadrature Capital Ltd acquired a new position in shares of Nisun International Enterprise Development Group Co., Ltd (NASDAQ:NISN – Free Report) in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 19,632 shares of the company’s stock, valued at approximately $105,000. Quadrature Capital Ltd owned 0.52% of Nisun International Enterprise Development Group as of its most recent SEC filing. Institutional investors own 4.73% of the company’s stock.

About Nisun International Enterprise Development Group

(Get Free Report)

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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