Nio Inc – (NYSE:NIO) Short Interest Update

Nio Inc – (NYSE:NIO) was the target of a significant decrease in short interest in September. As of September 15th, there was short interest totalling 163,810,000 shares, a decrease of 15.6% from the August 31st total of 194,060,000 shares. Based on an average daily volume of 48,320,000 shares, the days-to-cover ratio is presently 3.4 days.

Wall Street Analyst Weigh In

NIO has been the subject of several research reports. Citigroup decreased their price target on shares of NIO from $8.50 to $7.00 and set a “buy” rating for the company in a report on Wednesday, September 4th. JPMorgan Chase & Co. raised shares of NIO from a “neutral” rating to an “overweight” rating and lifted their target price for the company from $5.30 to $8.00 in a research note on Friday, September 6th. Bank of America upped their price target on shares of NIO from $5.00 to $5.30 and gave the stock a “neutral” rating in a research note on Thursday, September 5th. Finally, Wolfe Research initiated coverage on NIO in a research note on Thursday, September 5th. They issued a “peer perform” rating on the stock. One research analyst has rated the stock with a sell rating, eight have given a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $5.93.

NIO Stock Up 12.8 %

Shares of NYSE:NIO traded up $0.74 on Friday, reaching $6.52. The company had a trading volume of 180,982,054 shares, compared to its average volume of 54,206,633. The stock has a market capitalization of $11.21 billion, a P/E ratio of -3.86 and a beta of 1.82. The stock has a 50-day moving average price of $4.54 and a 200 day moving average price of $4.70. NIO has a twelve month low of $3.61 and a twelve month high of $9.57. The company has a quick ratio of 1.01, a current ratio of 1.11 and a debt-to-equity ratio of 0.71.

NIO (NYSE:NIO) last announced its earnings results on Thursday, September 5th. The company reported ($2.21) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($2.21). NIO had a negative return on equity of 104.61% and a negative net margin of 32.47%. The firm had revenue of $17.45 billion during the quarter, compared to analysts’ expectations of $17.49 billion. During the same quarter in the prior year, the business earned ($0.51) earnings per share. The company’s revenue was up 98.9% on a year-over-year basis. On average, equities analysts expect that NIO will post -1.37 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Oppenheimer & Co. Inc. lifted its stake in shares of NIO by 2.5% in the first quarter. Oppenheimer & Co. Inc. now owns 82,353 shares of the company’s stock valued at $371,000 after buying an additional 2,000 shares during the period. Westwood Holdings Group Inc. grew its holdings in shares of NIO by 13.9% during the 1st quarter. Westwood Holdings Group Inc. now owns 16,649 shares of the company’s stock worth $75,000 after purchasing an additional 2,038 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. increased its position in shares of NIO by 22.0% during the second quarter. Harel Insurance Investments & Financial Services Ltd. now owns 14,693 shares of the company’s stock valued at $61,000 after purchasing an additional 2,651 shares during the period. Cantor Fitzgerald L. P. raised its stake in shares of NIO by 23.0% in the fourth quarter. Cantor Fitzgerald L. P. now owns 14,548 shares of the company’s stock valued at $132,000 after purchasing an additional 2,719 shares in the last quarter. Finally, First Affirmative Financial Network lifted its position in NIO by 26.4% in the first quarter. First Affirmative Financial Network now owns 13,256 shares of the company’s stock worth $60,000 after purchasing an additional 2,768 shares during the period. Institutional investors and hedge funds own 48.55% of the company’s stock.

NIO Company Profile

NIO Inc designs, manufactures, and sells electric vehicles in the People's Republic of China. The company is also involved in the manufacture of e-powertrain, battery packs, and components; and racing management, technology development, and sales and after-sales management activities. In addition, it offers power solutions for battery charging needs; and other value-added services.