NIP Group Inc. Sponsored ADR (NASDAQ:NIPG) Short Interest Up 60.7% in August

NIP Group Inc. Sponsored ADR (NASDAQ:NIPG) saw a large increase in short interest in the month of August. As of August 31st, there was short interest totaling 11,817 shares, an increase of 60.7% from the August 15th total of 7,353 shares. Approximately 0.6% of the shares of the company are short sold. Based on an average daily trading volume, of 68,333 shares, the short-interest ratio is currently 0.2 days.

NIP Group Trading Down 5.2%

Shares of NASDAQ:NIPG traded down $0.70 during midday trading on Thursday, reaching $12.85. The company’s stock had a trading volume of 28,670 shares, compared to its average volume of 15,359. NIP Group has a 12-month low of $4.20 and a 12-month high of $57.60. The firm has a 50 day moving average of $11.44 and a 200-day moving average of $15.25. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.01.

Analyst Ratings Changes

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