Niu Technologies (NASDAQ:NIU) Stock Short Interest Falls 49.5%

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

Institutional Inflows and Outflows

A hedge fund recently bought a new position in Niu Technologies stock. SmartHarvest Portfolios LLC acquired a new stake in Niu Technologies (NASDAQ:NIU) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 12,527 shares of the company’s stock, valued at approximately $36,000. Institutional investors and hedge funds own 75.06% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on NIU shares. Weiss Ratings restated a “sell (d-)” rating on shares of Niu Technologies in a research report on Monday, September 14th. Wall Street Zen upgraded shares of Niu Technologies from a “strong sell” rating to a “sell” rating in a report on Saturday, October 10th. One research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Reduce” and a consensus price target of $3.50.

Niu Technologies Price Performance

Niu Technologies stock remained flat at $1.91 during mid-day trading on Friday. The company’s stock had a trading volume of 68,167 shares, compared to its average volume of 361,495. Niu Technologies has a one year low of $1.79 and a one year high of $4.58. The firm has a market cap of $149.42 million, a P/E ratio of -5.03 and a beta of -0.23. The firm has a 50-day moving average price of $2.00 and a 200 day moving average price of $2.36.

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

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.