Short Interest in Nisun International Enterprise Development Group Co., Ltd (NASDAQ:NISN) Rises By 19.5%

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

Nisun International Enterprise Development Group Stock Performance

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

Nisun International Enterprise Development Group announced that its board has initiated a stock buyback program on Wednesday, October 9th that permits the company to repurchase $15.00 million in shares. This repurchase authorization permits the company to buy up to 28.1% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s management 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.