Niu Technologies (NASDAQ:NIU) Stock Short Interest Declines 42.6%

Niu Technologies (NASDAQ:NIU) saw a significant decline in short interest in October. As of October 15th, there was short interest totaling 519,085 shares, a decline of 42.6% from the September 30th total of 904,460 shares. Currently, 0.7% of the company’s stock are short sold. Based on an average daily volume of 106,835 shares, the short-interest ratio is presently 4.9 days.

Niu Technologies Stock Down 4.3%

NIU stock traded down $0.08 during midday trading on Friday, hitting $1.80. The company’s stock had a trading volume of 179,588 shares, compared to its average volume of 101,255. The stock has a market cap of $140.81 million, a price-to-earnings ratio of -4.74 and a beta of -0.23. Niu Technologies has a 1 year low of $1.78 and a 1 year high of $4.50. The stock’s 50-day moving average price is $1.96 and its 200 day moving average price is $2.59.

Niu Technologies (NASDAQ:NIU) last announced its quarterly earnings data on Monday, August 10th. The company reported ($0.19) earnings per share for the quarter, missing the consensus estimate of $0.19 by ($0.38). Niu Technologies had a negative net margin of 4.39% and a negative return on equity of 24.20%. The firm had revenue of $212.01 million for the quarter, compared to the consensus estimate of $173.23 million.

Analyst Upgrades and Downgrades

NIU has been the topic of a number of recent analyst reports. Wall Street Zen raised Niu Technologies from a “strong sell” rating to a “sell” rating in a report on Saturday, October 10th. Weiss Ratings restated a “sell (d-)” rating on shares of Niu Technologies in a research 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. According to data from MarketBeat.com, the company currently has an average rating of “Reduce” and an average price target of $3.50.

Hedge Funds Weigh In On Niu Technologies

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

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.