NIP Group Inc. Sponsored ADR (NASDAQ:NIPG) Short Interest Up 136.9% in July

NIP Group Inc. Sponsored ADR (NASDAQ:NIPG) was the target of a large increase in short interest during the month of July. As of July 31st, there was short interest totaling 8,745 shares, an increase of 136.9% from the July 15th total of 3,691 shares. Based on an average daily trading volume, of 62,189 shares, the short-interest ratio is presently 0.1 days. Approximately 0.4% of the shares of the company are short sold.

NIP Group Stock Up 18.9%

NIPG traded up $1.75 during trading on Friday, reaching $11.05. 87,089 shares of the company were exchanged, compared to its average volume of 10,693. NIP Group has a 52 week low of $4.20 and a 52 week high of $67.50. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.87 and a quick ratio of 0.87. The firm has a 50 day moving average of $9.29 and a 200 day moving average of $17.59.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of NIP Group in a report on Friday, July 17th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, NIP Group presently has a consensus rating of “Sell”.

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.