NIP Group Inc. Sponsored ADR (NASDAQ:NIPG) Short Interest Update

NIP Group Inc. Sponsored ADR (NASDAQ:NIPG) saw a large decline in short interest during the month of July. As of July 15th, there was short interest totaling 3,691 shares, a decline of 94.5% from the June 30th total of 66,528 shares. Currently, 0.2% of the shares of the stock are short sold. Based on an average daily volume of 12,525 shares, the days-to-cover ratio is currently 0.3 days.

NIP Group Price Performance

Shares of NASDAQ NIPG traded up $4.97 during mid-day trading on Friday, hitting $15.50. 110,671 shares of the stock traded hands, compared to its average volume of 23,855. NIP Group has a twelve month low of $4.20 and a twelve month high of $68.40. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 0.01. The firm has a 50 day simple moving average of $10.09 and a two-hundred day simple moving average of $19.91.

NIP Group (NASDAQ:NIPG) last issued its earnings results on Friday, May 1st. The company reported $0.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($2.70) by $3.62. The firm had revenue of $32.68 million during the quarter, compared to analyst estimates of $55.00 million.

Analyst Ratings Changes

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