Short Interest in NIP Group Inc. Sponsored ADR (NASDAQ:NIPG) Rises By 46.2%

NIP Group Inc. Sponsored ADR (NASDAQ:NIPG) was the target of a significant growth in short interest in December. As of December 15th, there was short interest totaling 25,477 shares, a growth of 46.2% from the November 30th total of 17,430 shares. Based on an average daily volume of 85,213 shares, the short-interest ratio is presently 0.3 days. Approximately 0.0% of the shares of the company are sold short. Approximately 0.0% of the shares of the company are sold short. Based on an average daily volume of 85,213 shares, the short-interest ratio is presently 0.3 days.

NIP Group Trading Up 0.5%

Shares of NASDAQ:NIPG traded up $0.01 during midday trading on Monday, hitting $1.07. 72,635 shares of the stock were exchanged, compared to its average volume of 158,695. NIP Group has a twelve month low of $0.99 and a twelve month high of $7.60. The company has a 50 day moving average price of $1.38 and a 200-day moving average price of $1.72.

NIP Group (NASDAQ:NIPG) last released its earnings results on Tuesday, December 2nd. The company reported ($0.88) earnings per share (EPS) for the quarter. The business had revenue of $30.58 million for the quarter.

Institutional Investors Weigh In On NIP Group

An institutional investor recently bought a new position in NIP Group stock. Quadrature Capital Ltd acquired a new stake in shares of NIP Group Inc. Sponsored ADR (NASDAQ:NIPG) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 11,782 shares of the company’s stock, valued at approximately $29,000.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of NIP Group in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target 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.