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. Currently, 0.0% of the shares of the company are short sold. Based on an average daily volume of 19,187 shares, the short-interest ratio is presently 0.5 days.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated 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 assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, NIP Group has an average rating of “Hold” and an average price target of $6.00.

NIP Group Price Performance

NASDAQ:NIPG traded down $0.01 during mid-day trading on Friday, reaching $0.52. 28,930 shares of the company’s stock were exchanged, compared to its average volume of 32,771. NIP Group has a one year low of $0.50 and a one year high of $2.75. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.87 and a quick ratio of 0.87. The business’s fifty day simple moving average is $0.72 and its two-hundred day simple moving average is $1.01.

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