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

NIP Group Inc. Sponsored ADR (NASDAQ:NIPG) saw a significant drop in short interest in the month of April. As of April 30th, there was short interest totaling 8,931 shares, a drop of 48.6% from the April 15th total of 17,362 shares. Based on an average daily volume of 19,187 shares, the short-interest ratio is currently 0.5 days. Currently, 0.0% of the shares of the stock are short sold.

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 Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat, NIP Group has an average rating of “Hold” and an average price target of $6.00.

NIP Group Price Performance

Shares of NIPG stock traded down $0.01 on Friday, hitting $0.52. 28,930 shares of the company’s stock were exchanged, compared to its average volume of 32,771. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.87 and a quick ratio of 0.87. NIP Group has a 12 month low of $0.50 and a 12 month high of $2.75. The company has a 50 day moving average of $0.72 and a 200 day moving average of $1.01.

NIP Group (NASDAQ:NIPG) last announced its quarterly earnings results on Wednesday, May 6th. The company reported $0.92 EPS for the quarter, beating analysts’ consensus estimates 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.

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.