Short Interest in Niu Technologies (NASDAQ:NIU) Decreases By 27.1%

Niu Technologies (NASDAQ:NIU) was the target of a significant decrease in short interest in December. As of December 31st, there was short interest totaling 1,039,841 shares, a decrease of 27.1% from the December 15th total of 1,425,817 shares. Based on an average daily trading volume, of 1,061,897 shares, the days-to-cover ratio is presently 1.0 days. Currently, 1.5% of the company’s stock are sold short. Currently, 1.5% of the company’s stock are sold short. Based on an average daily trading volume, of 1,061,897 shares, the days-to-cover ratio is presently 1.0 days.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the stock. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Niu Technologies in a report on Wednesday, October 8th. Wall Street Zen downgraded shares of Niu Technologies from a “buy” rating to a “hold” rating in a research report on Saturday. One research analyst has rated the stock with a Sell rating, According to MarketBeat, Niu Technologies has a consensus rating of “Sell”.

Niu Technologies Trading Down 0.3%

Shares of NASDAQ:NIU traded down $0.01 during midday trading on Monday, reaching $3.14. The company had a trading volume of 328,625 shares, compared to its average volume of 410,702. The stock has a market cap of $244.67 million, a P/E ratio of -62.80 and a beta of -0.35. The company’s 50 day moving average price is $3.36 and its 200 day moving average price is $3.91. Niu Technologies has a 52-week low of $1.79 and a 52-week high of $5.67.

Niu Technologies (NASDAQ:NIU) last announced its quarterly earnings data on Monday, November 17th. The company reported $0.14 EPS for the quarter. The business had revenue of $237.94 million for the quarter. Niu Technologies had a negative net margin of 0.48% and a negative return on equity of 2.32%.

Institutional Trading of Niu Technologies

A number of large investors have recently bought and sold shares of the company. Sei Investments Co. purchased a new position in shares of Niu Technologies during the 2nd quarter valued at $40,000. OMERS ADMINISTRATION Corp purchased a new stake in Niu Technologies during the second quarter valued at about $45,000. Nomura Holdings Inc. bought a new position in Niu Technologies during the second quarter worth about $51,000. E Fund Management Co. Ltd. purchased a new position in shares of Niu Technologies in the second quarter worth about $54,000. Finally, Banco Bilbao Vizcaya Argentaria S.A. bought a new stake in shares of Niu Technologies in the third quarter valued at approximately $78,000. 75.06% of the stock is owned by hedge funds and other institutional investors.

Niu Technologies Company Profile

Niu Technologies Co, Ltd., established in 2014 and headquartered in Beijing, is a leading designer and manufacturer of smart electric scooters and micro-mobility solutions. The company integrates Internet of Things (IoT) connectivity into its vehicles, enabling real-time monitoring of battery status, vehicle diagnostics, and location tracking through its proprietary mobile application. By leveraging lightweight materials and modular battery systems, Niu aims to deliver efficient urban transportation alternatives that reduce reliance on conventional gasoline-powered motorcycles and cars.

Niu’s product portfolio encompasses a range of electric scooters, motorcycles, and e-bikes marketed under its NQi, MQi, and UQi series.