Niu Technologies (NASDAQ:NIU) Short Interest Update

Niu Technologies (NASDAQ:NIU) was the target of a large decline in short interest in November. As of November 15th, there was short interest totalling 1,260,000 shares, a decline of 20.3% from the October 31st total of 1,580,000 shares. Based on an average daily trading volume, of 601,900 shares, the days-to-cover ratio is currently 2.1 days.

Niu Technologies Stock Down 0.5 %

Niu Technologies stock traded down $0.01 during mid-day trading on Friday, hitting $1.86. 268,854 shares of the company were exchanged, compared to its average volume of 413,115. The company has a market capitalization of $144.26 million, a PE ratio of -4.23 and a beta of 0.51. The business has a fifty day moving average of $2.27 and a 200 day moving average of $2.05. Niu Technologies has a 1-year low of $1.57 and a 1-year high of $3.50.

Institutional Investors Weigh In On Niu Technologies

Large investors have recently made changes to their positions in the company. Assenagon Asset Management S.A. bought a new stake in Niu Technologies during the 3rd quarter worth approximately $32,000. XTX Topco Ltd acquired a new position in Niu Technologies in the third quarter worth $42,000. Quadrature Capital Ltd bought a new stake in shares of Niu Technologies during the third quarter worth $57,000. Virtu Financial LLC bought a new stake in shares of Niu Technologies during the first quarter worth $72,000. Finally, Acadian Asset Management LLC bought a new position in shares of Niu Technologies in the second quarter valued at about $76,000. Institutional investors own 75.06% of the company’s stock.

Niu Technologies Company Profile

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.