Short Interest in Nio Inc – (NIO) Rises By 9.0%
Nio Inc – (NYSE:NIO) was the target of a significant increase in short interest in the month of October. As of October 31st, there was short interest totalling 35,040,227 shares, an increase of 9.0% from the October 15th total of 32,132,954 shares. Based on an average daily volume of 13,550,049 shares, the days-to-cover ratio is presently 2.6 days.
NYSE NIO opened at $6.78 on Wednesday. The company has a quick ratio of 2.28, a current ratio of 2.56 and a debt-to-equity ratio of 0.12. NIO has a 12-month low of $5.35 and a 12-month high of $13.80.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Nwam LLC acquired a new stake in NIO in the third quarter valued at approximately $230,000. Bank of New York Mellon Corp acquired a new stake in NIO in the third quarter valued at approximately $8,743,000. Wells Fargo & Company MN acquired a new stake in NIO in the third quarter valued at approximately $219,000. People s United Financial Inc. acquired a new stake in NIO in the third quarter valued at approximately $176,000. Finally, MML Investors Services LLC acquired a new stake in NIO in the third quarter valued at approximately $266,000. Hedge funds and other institutional investors own 0.04% of the company’s stock.
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NIO Company Profile
NIO Inc designs, manufactures, and sells electric vehicles in the People's Republic of China, the United States, Germany, and the United Kingdom. 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.
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