Nisun International Enterprise Development Group Co., Ltd (NASDAQ:NISN) Short Interest Update

Nisun International Enterprise Development Group Co., Ltd (NASDAQ:NISN) saw a large decrease in short interest in the month of November. As of November 30th, there was short interest totalling 123,200 shares, a decrease of 30.6% from the November 15th total of 177,600 shares. Approximately 4.2% of the shares of the company are sold short. Based on an average daily volume of 130,300 shares, the days-to-cover ratio is presently 0.9 days.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Nisun International Enterprise Development Group stock. Acadian Asset Management LLC grew its holdings in shares of Nisun International Enterprise Development Group Co., Ltd (NASDAQ:NISN) by 34.7% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 69,778 shares of the company’s stock after purchasing an additional 17,980 shares during the period. Acadian Asset Management LLC owned about 1.86% of Nisun International Enterprise Development Group worth $243,000 at the end of the most recent quarter. Institutional investors and hedge funds own 4.73% of the company’s stock.

Nisun International Enterprise Development Group Stock Down 3.7 %

Shares of NISN stock traded down $0.22 on Friday, reaching $5.65. The stock had a trading volume of 93,895 shares, compared to its average volume of 142,048. The firm’s 50-day moving average is $9.78 and its two-hundred day moving average is $9.30. Nisun International Enterprise Development Group has a 12 month low of $3.14 and a 12 month high of $22.55.

Nisun International Enterprise Development Group declared that its board has authorized a stock buyback plan on Wednesday, October 9th that authorizes the company to repurchase $15.00 million in outstanding shares. This repurchase authorization authorizes the company to repurchase up to 28.1% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s leadership believes its shares are undervalued.

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.