NIP Group Inc. Sponsored ADR (NASDAQ:NIPG) Short Interest Up 157.5% in May

NIP Group Inc. Sponsored ADR (NASDAQ:NIPG) was the recipient of a significant growth in short interest in May. As of May 29th, there was short interest totaling 29,684 shares, a growth of 157.5% from the May 14th total of 11,530 shares. Based on an average daily volume of 72,174 shares, the short-interest ratio is presently 0.4 days. Currently, 0.1% of the shares of the stock are sold short.

NIP Group Trading Down 8.4%

NASDAQ:NIPG traded down $0.04 during mid-day trading on Friday, hitting $0.44. The company’s stock had a trading volume of 267,408 shares, compared to its average volume of 51,731. NIP Group has a fifty-two week low of $0.37 and a fifty-two week high of $2.75. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.87 and a current ratio of 0.87. The stock has a fifty day moving average of $0.59 and a 200-day moving average of $0.86.

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

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of NIP Group in a research report on Tuesday, April 21st. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, NIP Group has an average rating of “Sell”.

About NIP Group

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.