This word, which also appears on the map of Middle-earth in LotR, is glossed as "blue" in The Etymologies, but Tolkien later rejected this meaning (as luin was already used in that sense). He then proposed several explanations for it, including the possible adaptation of a Dwarvish name into Sindarin, but he apparently never reached a definitive solution.
Noldorin
ninn
adjective. slender
ninn
adjective. slender
elw
adjective. (pale) blue
lhorn
noun. quiet water
lhorn
noun. anchorage, harbour
lhûn
adjective. (unknown meaning)
lhûn
adjective. blue
nen
noun. water (used of a lake, pool or lesser river)
nen
noun. waterland
nen
noun. water
The Etymologies of the 1930s had ninn as a cognate to ᴹQ. ninde “slender”, both derived from the root ᴹ√NIN-DI “fragile, thin” (Ety/NIN-DI).
Neo-Sindarin: I would adapt this word as ᴺS. nind as suggested in HSD (HSD), in keeping with the notion that “nd remained at the end of fully accented monosyllables” (LotR/1115).
Conceptual Development: Early Noldorin word-lists of the 1920s had ᴱN. minedh glossed “fine, slender” (PE13/150) or “thin, fine, small” (PE13/164), derived from primitive ᴱ✶miniyā.