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

NIP Group Inc. Sponsored ADR (NASDAQ:NIPG) saw a large drop in short interest in the month of March. As of March 13th, there was short interest totaling 29,879 shares, a drop of 81.2% from the February 26th total of 159,235 shares. Based on an average trading volume of 36,270 shares, the short-interest ratio is currently 0.8 days. Approximately 0.1% of the shares of the company are sold short. Approximately 0.1% of the shares of the company are sold short. Based on an average trading volume of 36,270 shares, the short-interest ratio is currently 0.8 days.

NIP Group Price Performance

Shares of NASDAQ NIPG traded up $0.01 during trading on Wednesday, hitting $0.79. 9,026 shares of the company were exchanged, compared to its average volume of 37,188. NIP Group has a 1 year low of $0.72 and a 1 year high of $2.75. The firm’s fifty day moving average price is $0.92 and its 200 day moving average price is $1.28.

Analysts Set New Price Targets

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

Institutional Inflows and Outflows

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

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.