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

NIP Group Inc. Sponsored ADR (NASDAQ:NIPG) was the recipient of a large decrease in short interest in 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. Approximately 0.2% of the shares of the company are sold short. Based on an average trading volume of 12,525 shares, the days-to-cover ratio is currently 0.3 days.

Wall Street Analysts Forecast Growth

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

NIP Group Trading Up 47.2%

Shares of NIPG traded up $4.97 during midday trading on Friday, reaching $15.50. 110,671 shares of the stock were exchanged, compared to its average volume of 23,855. The stock’s 50 day simple moving average is $10.09 and its 200 day simple moving average is $19.91. NIP Group has a twelve month low of $4.20 and a twelve month high of $68.40. 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 (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 ($2.70) by $3.62. The business had revenue of $32.68 million during the quarter, compared to analyst estimates 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.