Niu Technologies (NASDAQ:NIU) Short Interest Update

Niu Technologies (NASDAQ:NIU) saw 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 volume of 481,900 shares, the days-to-cover ratio is currently 3.5 days.

Niu Technologies Price Performance

NASDAQ:NIU traded down $0.14 during mid-day trading on Tuesday, hitting $2.38. The company’s stock had a trading volume of 267,902 shares, compared to its average volume of 406,107. Niu Technologies has a 1 year low of $1.57 and a 1 year high of $3.50. The stock has a market cap of $184.59 million, a price-to-earnings ratio of -4.75 and a beta of 0.52. The business’s fifty day moving average is $2.17 and its two-hundred day moving average is $2.08.

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

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of NIU. Virtu Financial LLC acquired a new position in shares of Niu Technologies in the first quarter worth about $72,000. Acadian Asset Management LLC acquired a new position in shares of Niu Technologies in the second quarter worth about $76,000. Renaissance Technologies LLC raised its position in shares of Niu Technologies by 2.6% in the second quarter. Renaissance Technologies LLC now owns 305,000 shares of the company’s stock worth $531,000 after acquiring an additional 7,800 shares during the period. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in shares of Niu Technologies during the 2nd quarter worth about $907,000. Finally, Green Alpha Advisors LLC raised its position in shares of Niu Technologies by 23.9% during the 3rd quarter. Green Alpha Advisors LLC now owns 101,572 shares of the company’s stock worth $234,000 after purchasing an additional 19,574 shares during the last quarter. Institutional investors and hedge funds own 75.06% of the company’s stock.

About Niu Technologies

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.