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

NIP Group Inc. Sponsored ADR (NASDAQ:NIPG) was the recipient of a significant drop in short interest during the month of July. As of July 15th, there was short interest totaling 3,691 shares, a drop of 94.5% from the June 30th total of 66,528 shares. Approximately 0.2% of the company’s shares are sold short. Based on an average trading volume of 12,525 shares, the short-interest ratio is currently 0.3 days.

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 equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.

NIP Group Stock Performance

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

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

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.