Short Interest in NIP Group Inc. Sponsored ADR (NASDAQ:NIPG) Declines By 94.5%

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

Analysts Set New Price Targets

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

NIP Group Trading Up 47.2%

Shares of NIP Group stock traded up $4.97 on Friday, reaching $15.50. 110,671 shares of the company traded hands, compared to its average volume of 29,432. The company has a 50 day moving average of $10.09 and a 200 day moving average of $19.81. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.01. NIP Group has a 52 week low of $4.20 and a 52 week 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, beating the consensus estimate of ($2.70) by $3.62. The firm had revenue of $32.68 million during the quarter, compared to analysts’ expectations 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.