NIP Group Inc. Sponsored ADR (NASDAQ:NIPG) Short Interest Down 48.6% in April

NIP Group Inc. Sponsored ADR (NASDAQ:NIPG) was the target of a large drop in short interest in the month of April. As of April 30th, there was short interest totaling 8,931 shares, a drop of 48.6% from the April 15th total of 17,362 shares. Based on an average trading volume of 19,187 shares, the short-interest ratio is presently 0.5 days. Approximately 0.0% of the company’s shares are short sold.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of NIP Group in a research note on Tuesday, April 21st. One research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $6.00.

NIP Group Price Performance

Shares of NIPG stock opened at $0.52 on Monday. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.87 and a quick ratio of 0.87. NIP Group has a 1-year low of $0.50 and a 1-year high of $2.75. The firm has a fifty day moving average of $0.72 and a two-hundred day moving average of $1.01.

NIP Group (NASDAQ:NIPG) last announced its quarterly earnings data on Friday, May 1st. The company reported $0.92 earnings per share for the quarter, topping the consensus estimate of ($0.09) by $1.01. The company had revenue of $32.68 million for the quarter, compared to analyst estimates of $55.00 million.

NIP Group Company Profile

Our mission is to create transformative esports experiences that entertain, inspire and connect fans across the globe. Our vision is to become the premier esports organization in the world. We are a leading esports organization with the most expansive global footprint by virtue of our operations across Asia, Europe and South America, according to the Frost & Sullivan Report. Among the top ten esports titles in the world in terms of prize pool, our wins in tier-1 world tournaments in CS:GO, Honor of Kings, Rainbow Six and FIFA represent more unique game titles with top-tier wins than any other esports organization as of January 31, 2023, according to the Frost & Sullivan Report.