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

NIP Group Inc. Sponsored ADR (NASDAQ:NIPG) was the recipient of a large increase in short interest in May. As of May 29th, there was short interest totaling 29,684 shares, an increase of 157.5% from the May 14th total of 11,530 shares. Based on an average daily volume of 72,174 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.1% of the company’s stock are short sold.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of NIP Group in a research report on Tuesday, April 21st. One research analyst has rated the stock with a Sell rating, According to MarketBeat, NIP Group has an average rating of “Sell”.

NIP Group Stock Down 8.4%

NIPG stock traded down $0.04 during midday trading on Friday, hitting $0.44. The company’s stock had a trading volume of 267,408 shares, compared to its average volume of 124,606. NIP Group has a 12 month low of $0.37 and a 12 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. The firm’s 50-day moving average is $0.58 and its 200-day moving average is $0.86.

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