NIP Group Inc. Sponsored ADR (NASDAQ:NIPG) Short Interest Up 113.4% in April

NIP Group Inc. Sponsored ADR (NASDAQ:NIPG) was the target of a large increase in short interest in April. As of April 15th, there was short interest totaling 17,362 shares, an increase of 113.4% from the March 31st total of 8,134 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily volume of 19,907 shares, the days-to-cover ratio is presently 0.9 days.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of NIP Group in a research report on Tuesday. One research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $6.00.

NIP Group Price Performance

NIPG stock traded down $0.02 during trading on Friday, reaching $0.69. 8,132 shares of the company were exchanged, compared to its average volume of 15,880. The company has a 50-day moving average of $0.77 and a two-hundred day moving average of $1.10. NIP Group has a twelve month low of $0.63 and a twelve month high of $2.75.

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.