NIP Group Inc. Sponsored ADR (NASDAQ:NIPG - Get Free Report) was the target of a significant increase in short interest in the month of September. As of September 15th, there was short interest totaling 56,700 shares, an increase of 118.1% from the August 31st total of 26,000 shares. Based on an average trading volume of 188,100 shares, the days-to-cover ratio is currently 0.3 days. Based on an average trading volume of 188,100 shares, the days-to-cover ratio is currently 0.3 days.
NIP Group Price Performance
NIP Group stock traded down $0.07 during trading hours on Friday, hitting $1.73. 56,073 shares of the stock were exchanged, compared to its average volume of 101,954. NIP Group has a 12 month low of $0.99 and a 12 month high of $7.60. The business's 50-day moving average is $1.87 and its two-hundred day moving average is $1.80.
Institutional Trading of NIP Group
A hedge fund recently bought a new stake in NIP Group stock. Quadrature Capital Ltd acquired a new position in shares of NIP Group Inc. Sponsored ADR (NASDAQ:NIPG - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 11,782 shares of the company's stock, valued at approximately $29,000.
Wall Street Analyst Weigh In
A number of analysts recently weighed in on the stock. Wall Street Zen raised shares of NIP Group to a "hold" rating in a research note on Saturday, July 5th. Weiss Ratings reissued a "sell (e+)" rating on shares of NIP Group in a research note on Saturday, September 27th. One research analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $6.00.
Read Our Latest Analysis on NIP Group
About NIP Group
(
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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.
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