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

Nisun International Enterprise Development Group Co., Ltd (NASDAQ:NISN) was the recipient of a significant increase in short interest during the month of July. As of July 15th, there was short interest totalling 253,400 shares, an increase of 4,269.0% from the June 30th total of 5,800 shares. Currently, 8.3% of the shares of the company are sold short. Based on an average daily volume of 211,700 shares, the short-interest ratio is presently 1.2 days.

Nisun International Enterprise Development Group Trading Up 14.7 %

Shares of Nisun International Enterprise Development Group stock traded up $1.23 during trading on Thursday, hitting $9.57. 253,884 shares of the company’s stock were exchanged, compared to its average volume of 152,654. The business has a 50-day simple moving average of $5.20 and a 200-day simple moving average of $5.26. Nisun International Enterprise Development Group has a 52-week low of $2.16 and a 52-week high of $12.00.

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 stake in Nisun International Enterprise Development Group Co., Ltd (NASDAQ:NISN) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 19,632 shares of the company’s stock, valued at approximately $105,000. Quadrature Capital Ltd owned approximately 0.52% of Nisun International Enterprise Development Group as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors and hedge funds own 4.73% of the company’s stock.

About Nisun International Enterprise Development Group

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.