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

by · The Cerbat Gem

NIP Group Inc. Sponsored ADR (NASDAQ:NIPG – Get Free Report) was the recipient of a significant increase in short interest during the month of December. As of December 15th, there was short interest totaling 25,477 shares, an increase of 46.2% from the November 30th total of 17,430 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 85,213 shares, the days-to-cover ratio is currently 0.3 days. Based on an average daily trading volume, of 85,213 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.0% of the company’s stock are sold short.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in NIP Group stock. Quadrature Capital Ltd purchased a new position in NIP Group Inc. Sponsored ADR (NASDAQ:NIPG – Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 11,782 shares of the company’s stock, valued at approximately $29,000.

NIP Group Trading Down 6.8%

NIP Group stock traded down $0.07 during midday trading on Wednesday, reaching $1.00. 178,462 shares of the stock traded hands, compared to its average volume of 158,317. NIP Group has a fifty-two week low of $0.96 and a fifty-two week high of $7.60. The firm has a fifty day moving average price of $1.37 and a two-hundred day moving average price of $1.71.

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

Analysts Set New Price Targets

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

Get Our Latest Research Report on NIP Group

NIP Group Company Profile

(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.

Featured Articles