Niu Technologies (NASDAQ:NIU) Shares Shorted: Short Interest Down 49.5% in September

Niu Technologies (NASDAQ:NIU) was the target of a significant decrease in short interest in the month of September. As of September 30th, there was short interest totaling 904,460 shares, a decrease of 49.5% from the September 15th total of 1,789,786 shares. Based on an average trading volume of 282,859 shares, the days-to-cover ratio is currently 3.2 days. Currently, 1.3% of the company’s stock are sold short.

Institutional Trading of Niu Technologies

An institutional investor recently bought a new stake in Niu Technologies stock. Engineers Gate Manager LP purchased a new position in Niu Technologies (NASDAQ:NIU) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 19,219 shares of the company’s stock, valued at approximately $39,000. Hedge funds and other institutional investors own 75.06% of the company’s stock.

Niu Technologies Trading Up 1.1%

NIU stock traded up $0.02 during midday trading on Thursday, hitting $1.91. 74,258 shares of the company’s stock were exchanged, compared to its average volume of 362,976. The firm has a 50 day moving average price of $2.01 and a 200-day moving average price of $2.37. Niu Technologies has a 12-month low of $1.79 and a 12-month high of $4.63. The stock has a market capitalization of $149.41 million, a price-to-earnings ratio of -5.03 and a beta of -0.23.

Niu Technologies (NASDAQ:NIU) last announced its quarterly earnings data on Monday, August 10th. The company reported ($0.19) earnings per share for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.38). The business had revenue of $212.01 million for the quarter, compared to the consensus estimate of $173.23 million. Niu Technologies had a negative net margin of 4.39% and a negative return on equity of 24.20%.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on NIU. Weiss Ratings reiterated a “sell (d-)” rating on shares of Niu Technologies in a report on Monday, September 14th. Wall Street Zen upgraded Niu Technologies from a “strong sell” rating to a “sell” rating in a research report on Saturday, October 10th. One equities research analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Niu Technologies presently has an average rating of “Reduce” and an average target price of $3.50.

Niu Technologies Company Profile

Niu Technologies is a China-based company that designs, manufactures and sells smart electric two-wheelers. Its product portfolio includes electric scooters, mopeds, motorcycles, bicycles and kick scooters, with models marketed under product families such as NQi, MQi, UQi, RQi and KQi. The company combines electric powertrains with connected-vehicle features, including mobile applications and systems designed to support vehicle monitoring, diagnostics and user services.

Founded in 2014, Niu has developed a direct-to-consumer and retail distribution model that serves customers in China and selected international markets.