Niu Technologies (NASDAQ:NIU) Sees Significant Growth in Short Interest

Niu Technologies (NASDAQ:NIU) was the recipient of a significant increase in short interest in the month of September. As of September 15th, there was short interest totalling 1,070,000 shares, an increase of 19.4% from the August 31st total of 895,800 shares. Based on an average daily volume of 242,200 shares, the days-to-cover ratio is currently 4.4 days.

Niu Technologies Trading Up 7.7 %

Niu Technologies stock traded up $0.17 during mid-day trading on Monday, reaching $2.39. The company’s stock had a trading volume of 629,434 shares, compared to its average volume of 332,747. The firm has a market cap of $185.37 million, a price-to-earnings ratio of -5.09 and a beta of 0.51. The business has a 50 day moving average price of $1.89 and a 200-day moving average price of $1.97. Niu Technologies has a twelve month low of $1.57 and a twelve month high of $2.85.

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

Hedge Funds Weigh In On Niu Technologies

Several hedge funds and other institutional investors have recently modified their holdings of the company. Carmignac Gestion raised its stake in shares of Niu Technologies by 3.2% during the fourth quarter. Carmignac Gestion now owns 897,408 shares of the company’s stock valued at $1,965,000 after purchasing an additional 27,500 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in shares of Niu Technologies during the second quarter valued at about $907,000. Renaissance Technologies LLC raised its stake in shares of Niu Technologies by 2.6% during the second quarter. Renaissance Technologies LLC now owns 305,000 shares of the company’s stock valued at $531,000 after purchasing an additional 7,800 shares in the last quarter. Acadian Asset Management LLC bought a new stake in shares of Niu Technologies during the second quarter valued at about $76,000. Finally, Virtu Financial LLC bought a new stake in shares of Niu Technologies during the first quarter valued at about $72,000. 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.