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

Nisun International Enterprise Development Group Co., Ltd (NASDAQ:NISN) saw a significant increase in short interest in January. As of January 15th, there was short interest totalling 163,400 shares, an increase of 19.5% from the December 31st total of 136,700 shares. Based on an average daily volume of 113,900 shares, the days-to-cover ratio is presently 1.4 days. Approximately 5.6% of the company’s shares are short sold.

Nisun International Enterprise Development Group Stock Up 1.0 %

NASDAQ:NISN traded up $0.06 during mid-day trading on Monday, reaching $6.01. The company’s stock had a trading volume of 7,005 shares, compared to its average volume of 63,262. The stock has a fifty day moving average of $6.24 and a 200-day moving average of $9.69. Nisun International Enterprise Development Group has a 1 year low of $3.14 and a 1 year high of $22.55.

Nisun International Enterprise Development Group announced that its board has approved a stock buyback plan on Wednesday, October 9th that permits the company to buyback $15.00 million in shares. This buyback authorization permits the company to purchase up to 28.1% of its shares through open market purchases. Shares buyback plans are typically an indication that the company’s board believes its stock is undervalued.

Nisun International Enterprise Development Group Company Profile

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.