Niu Technologies (NASDAQ:NIU) Shares Shorted: Short Interest Down 42.6% in October

Niu Technologies (NASDAQ:NIU) was the recipient of a large drop in short interest in October. As of October 15th, there was short interest totaling 519,085 shares, a drop of 42.6% from the September 30th total of 904,460 shares. Approximately 0.7% of the shares of the stock are sold short. Based on an average daily trading volume, of 106,835 shares, the days-to-cover ratio is presently 4.9 days.

Niu Technologies Trading Down 1.1%

NIU traded down $0.02 on Monday, hitting $1.78. 134,467 shares of the company’s stock were exchanged, compared to its average volume of 348,706. Niu Technologies has a fifty-two week low of $1.78 and a fifty-two week high of $4.50. The firm has a 50-day moving average price of $1.96 and a 200-day moving average price of $2.59. The stock has a market cap of $139.24 million, a price-to-earnings ratio of -4.68 and a beta of -0.23.

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

Institutional Inflows and Outflows

An institutional investor recently bought a new stake in Niu Technologies stock. Engineers Gate Manager LP bought a new position in shares of Niu Technologies (NASDAQ:NIU) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 19,219 shares of the company’s stock, valued at approximately $39,000. 75.06% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

NIU has been the topic of several research analyst reports. Wall Street Zen upgraded Niu Technologies from a “strong sell” rating to a “sell” rating in a report on Saturday, October 10th. Weiss Ratings reissued a “sell (d-)” rating on shares of Niu Technologies in a report on Monday, September 14th. One analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Niu Technologies currently has a consensus rating of “Reduce” and a consensus target price of $3.50.

Niu Technologies Company Profile

Niu Technologies is a Beijing-based mobility company that designs, manufactures and sells smart electric two-wheelers. Its product portfolio includes electric scooters, mopeds, motorcycles and kick scooters, supported by connected technologies that enable features such as mobile-app integration, vehicle monitoring and battery management.

The company markets products under the NIU brand, including its MQi, NQi, UQi, RQi, KQi and XQi product families. NIU’s vehicles are intended for urban transportation and personal mobility, with an emphasis on electric powertrains, connectivity, design and energy efficiency.