NIP Group Inc. Sponsored ADR (NASDAQ:NIPG) Short Interest Up 136.9% in July

NIP Group Inc. Sponsored ADR (NASDAQ:NIPG) saw a large increase in short interest in the month of July. As of July 31st, there was short interest totaling 8,745 shares, an increase of 136.9% from the July 15th total of 3,691 shares. Based on an average daily volume of 62,189 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.4% of the shares of the company are short sold.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of NIP Group in a report on Friday, July 17th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company has an average rating of “Sell”.

NIP Group Stock Up 18.9%

NASDAQ:NIPG traded up $1.75 during trading hours on Friday, hitting $11.05. 87,089 shares of the company’s stock traded hands, compared to its average volume of 56,122. NIP Group has a 52 week low of $4.20 and a 52 week high of $67.50. The business’s fifty day simple moving average is $9.27 and its two-hundred day simple moving average is $17.55. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.87 and a quick ratio of 0.87.

About NIP Group

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.