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

NIP Group Inc. Sponsored ADR (NASDAQ:NIPG) was the recipient of a large decline in short interest in the month of April. As of April 30th, there was short interest totaling 8,931 shares, a decline of 48.6% from the April 15th total of 17,362 shares. Based on an average trading volume of 19,187 shares, the short-interest ratio is presently 0.5 days. Currently, 0.0% of the company’s shares are sold short.

NIP Group Stock Down 2.8%

Shares of NIPG stock traded down $0.01 on Friday, hitting $0.52. The stock had a trading volume of 28,930 shares, compared to its average volume of 32,771. NIP Group has a twelve month low of $0.50 and a twelve month high of $2.75. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.87 and a quick ratio of 0.87. The company has a fifty day moving average price of $0.72 and a two-hundred day moving average price of $1.01.

NIP Group (NASDAQ:NIPG) last announced its quarterly earnings results on Wednesday, May 6th. The company reported $0.92 earnings per share (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 analyst estimates of $55.00 million.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of NIP Group in a report on Tuesday, April 21st. One analyst has rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $6.00.

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.