Short Interest in NIP Group Inc. Sponsored ADR (NASDAQ:NIPG) Increases By 46.2%

by · The Markets Daily

NIP Group Inc. Sponsored ADR (NASDAQ:NIPG – Get Free Report) was the target of a large growth in short interest in December. As of December 15th, there was short interest totaling 25,477 shares, a growth of 46.2% from the November 30th total of 17,430 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average trading volume of 85,213 shares, the short-interest ratio is presently 0.3 days. Based on an average trading volume of 85,213 shares, the short-interest ratio is presently 0.3 days. Approximately 0.0% of the company’s shares are short sold.

Institutional Investors Weigh In On NIP Group

An institutional investor recently bought a new position in NIP Group stock. Quadrature Capital Ltd bought a new stake in NIP Group Inc. Sponsored ADR (NASDAQ:NIPG – Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 11,782 shares of the company’s stock, valued at approximately $29,000.

NIP Group Stock Performance

Shares of NASDAQ:NIPG traded up $0.02 during mid-day trading on Tuesday, reaching $1.07. 44,433 shares of the company were exchanged, compared to its average volume of 158,280. NIP Group has a 1 year low of $0.99 and a 1 year high of $7.60. The firm’s 50-day simple moving average is $1.38 and its 200 day simple moving average is $1.72.

NIP Group (NASDAQ:NIPG – Get Free Report) last announced its quarterly earnings data on Tuesday, December 2nd. The company reported ($0.88) earnings per share (EPS) for the quarter. The firm had revenue of $30.58 million during the quarter.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of NIP Group in a research note on Wednesday, October 8th. One analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $6.00.

Check Out Our Latest Stock Analysis on NIPG

About NIP Group

(Get Free Report)

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.

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