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

NIP Group Inc. Sponsored ADR (NASDAQ:NIPG) saw a large increase in short interest during the month of February. As of February 13th, there was short interest totaling 166,197 shares, an increase of 31.6% from the January 29th total of 126,277 shares. Currently, 0.3% of the company’s shares are short sold. Based on an average trading volume of 39,509 shares, the days-to-cover ratio is currently 4.2 days. Based on an average trading volume of 39,509 shares, the days-to-cover ratio is currently 4.2 days. Currently, 0.3% of the company’s shares are short sold.

Hedge Funds Weigh In On NIP Group

An institutional investor recently bought a new position in NIP Group stock. Quadrature Capital Ltd bought a new stake in NIP Group Inc. Sponsored ADR (NASDAQ:NIPG) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 11,782 shares of the company’s stock, valued at approximately $29,000.

NIP Group Trading Up 3.2%

NIPG traded up $0.03 during trading on Monday, hitting $0.91. The company had a trading volume of 48,446 shares, compared to its average volume of 33,682. The firm’s 50-day moving average price is $1.00 and its 200 day moving average price is $1.40. NIP Group has a one year low of $0.75 and a one year high of $3.00.

NIP Group (NASDAQ:NIPG) last posted its quarterly earnings data on Tuesday, December 2nd. The company reported ($0.88) earnings per share for the quarter. The firm had revenue of $30.58 million during the quarter.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of NIP Group in a research note on Thursday, January 22nd. One equities research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat, NIP Group currently has an average rating of “Hold” and a consensus target price of $6.00.

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.