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

NIP Group Inc. Sponsored ADR (NASDAQ:NIPG) saw a large growth in short interest during the month of June. As of June 15th, there was short interest totaling 62,022 shares, a growth of 108.9% from the May 31st total of 29,684 shares. Approximately 0.1% of the company’s shares are sold short. Based on an average trading volume of 196,800 shares, the short-interest ratio is presently 0.3 days.

NIP Group Price Performance

Shares of NASDAQ:NIPG traded down $0.01 during mid-day trading on Tuesday, reaching $0.26. The stock had a trading volume of 14,602 shares, compared to its average volume of 72,897. The firm has a 50 day simple moving average of $0.49 and a two-hundred day simple moving average of $0.77. NIP Group has a twelve month low of $0.25 and a twelve month high of $2.75. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.87 and a current ratio of 0.87.

NIP Group’s stock is going to reverse split before the market opens on Monday, July 6th. The 1-30 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the market closes on Sunday, July 5th.

NIP Group (NASDAQ:NIPG) last issued its earnings results on Friday, May 1st. The company reported $0.92 EPS for the quarter, beating the consensus estimate of ($0.09) by $1.01. The firm had revenue of $32.68 million during the quarter, compared to the consensus estimate of $55.00 million.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of NIP Group in a research note on Tuesday, April 21st. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company has an average rating of “Sell”.

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.