China Internet Nationwide Fncl Srvcs Inc (NASDAQ:CIFS) saw a significant decrease in short interest in the month of August. As of August 31st, there was short interest totalling 351,700 shares, a decrease of 9.9% from the July 31st total of 390,200 shares. Approximately 4.7% of the shares of the company are short sold. Based on an average trading volume of 197,800 shares, the short-interest ratio is presently 1.8 days.

CIFS stock remained flat at $$2.02 during mid-day trading on Friday. 36,421 shares of the company’s stock were exchanged, compared to its average volume of 65,903. China Internet Nationwide Fncl Srvcs has a one year low of $0.63 and a one year high of $14.75. The stock has a 50 day simple moving average of $1.91 and a 200-day simple moving average of $2.37.

A hedge fund recently raised its stake in China Internet Nationwide Fncl Srvcs stock. Renaissance Technologies LLC raised its position in shares of China Internet Nationwide Fncl Srvcs Inc (NASDAQ:CIFS) by 11.2% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 622,875 shares of the company’s stock after acquiring an additional 62,800 shares during the period. Renaissance Technologies LLC owned approximately 2.83% of China Internet Nationwide Fncl Srvcs worth $1,289,000 as of its most recent SEC filing. 2.90% of the stock is owned by hedge funds and other institutional investors.

About China Internet Nationwide Fncl Srvcs

China Internet Nationwide Financial Services Inc provides financial advisory services to small-to-medium sized enterprises in the People's Republic of China. The company offers commercial payment advisory services, international corporate financing advisory services, intermediary bank loan advisory services, and Internet information services.

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