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

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

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of NIP Group in a report on Tuesday, April 21st. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, NIP Group currently has an average rating of “Sell”.

NIP Group Price Performance

Shares of NIPG traded down $0.04 during mid-day trading on Friday, hitting $0.44. 267,408 shares of the company traded hands, compared to its average volume of 51,731. NIP Group has a one year low of $0.37 and a one year high of $2.75. 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 business has a 50-day moving average of $0.59 and a 200 day moving average of $0.86.

NIP Group (NASDAQ:NIPG) last released its quarterly earnings results on Friday, May 1st. The company reported $0.92 EPS for the quarter, beating the consensus estimate of ($0.09) by $1.01. The company had revenue of $32.68 million for the quarter, compared to the consensus estimate 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.