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 during the month of August. As of August 31st, there was short interest totaling 11,817 shares, an increase of 60.7% from the August 15th total of 7,353 shares. Based on an average daily volume of 68,333 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.6% of the shares of the company are short sold.

NIP Group Price Performance

Shares of NIPG opened at $13.80 on Friday. 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 1 year low of $4.20 and a 1 year high of $57.00. The company’s fifty day moving average is $11.72 and its two-hundred day moving average is $15.14.

Analysts Set New Price Targets

Several research analysts have issued reports on the stock. Wall Street Zen raised shares of NIP Group to a “sell” rating in a research report on Saturday. Weiss Ratings reiterated a “sell (e+)” rating on shares of NIP Group in a research note on Friday, July 17th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, NIP Group has an average rating of “Sell”.

About NIP Group

NIP Group (NASDAQ: NIPG) is a global esports and gaming entertainment company. The group operates competitive esports teams, develops gaming-related content, and provides services for brands, game publishers, tournament organizers and other partners. Its activities span team operations, esports event participation, content creation, sponsorships, merchandising and related gaming lifestyle initiatives.

The company’s principal brands include Ninjas in Pyjamas, a longstanding esports organization founded in Sweden in 2000, and ESV5, its China-focused esports and entertainment platform.