Niu Technologies (NASDAQ:NIU) Sees Large Growth in Short Interest

Niu Technologies (NASDAQ:NIUGet Free Report) was the recipient of a significant increase in short interest during the month of October. As of October 15th, there was short interest totalling 1,710,000 shares, an increase of 61.3% from the September 30th total of 1,060,000 shares. Based on an average daily trading volume, of 481,900 shares, the days-to-cover ratio is currently 3.5 days.

Niu Technologies Stock Performance

NASDAQ NIU opened at $2.27 on Friday. The firm’s fifty day moving average price is $2.16 and its two-hundred day moving average price is $2.08. The stock has a market cap of $176.06 million, a PE ratio of -4.45 and a beta of 0.52. Niu Technologies has a fifty-two week low of $1.57 and a fifty-two week high of $3.50.

Niu Technologies (NASDAQ:NIUGet Free Report) last posted its earnings results on Monday, August 12th. The company reported ($0.04) earnings per share for the quarter. The company had revenue of $129.42 million for the quarter. Niu Technologies had a negative return on equity of 26.48% and a negative net margin of 10.22%.

Institutional Trading of Niu Technologies

Institutional investors have recently modified their holdings of the business. Assenagon Asset Management S.A. bought a new stake in shares of Niu Technologies in the third quarter worth $32,000. Virtu Financial LLC bought a new stake in shares of Niu Technologies in the first quarter worth $72,000. Acadian Asset Management LLC bought a new stake in Niu Technologies during the second quarter valued at $76,000. Green Alpha Advisors LLC boosted its position in Niu Technologies by 23.9% during the third quarter. Green Alpha Advisors LLC now owns 101,572 shares of the company’s stock valued at $234,000 after acquiring an additional 19,574 shares during the last quarter. Finally, Renaissance Technologies LLC boosted its position in Niu Technologies by 2.6% during the second quarter. Renaissance Technologies LLC now owns 305,000 shares of the company’s stock valued at $531,000 after acquiring an additional 7,800 shares during the last quarter. Institutional investors own 75.06% of the company’s stock.

Niu Technologies Company Profile

(Get Free Report)

Niu Technologies designs, manufactures, and sells electric scooters in the People’s Republic of China, Europe, and internationally. The company offers RQi, NQi, MQi, SQi, UQi, F, and Gova series smart electric scooters, motorcycles, mopeds, and bicycles; KQi series kick-scooters; BQi series e-bikes; and Niu Aero Sports Bicycles.

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