Short Interest in Niu Technologies (NASDAQ:NIU) Grows By 34.3%

Niu Technologies (NASDAQ:NIU) was the target of a significant increase in short interest in the month of March. As of March 13th, there was short interest totaling 1,037,331 shares, an increase of 34.3% from the February 26th total of 772,589 shares. Approximately 1.5% of the shares of the company are short sold. Based on an average daily trading volume, of 546,405 shares, the short-interest ratio is currently 1.9 days.

Analyst Upgrades and Downgrades

NIU has been the subject of a number of analyst reports. Weiss Ratings reiterated a “sell (d-)” rating on shares of Niu Technologies in a research report on Thursday, January 22nd. Wall Street Zen upgraded shares of Niu Technologies from a “hold” rating to a “buy” rating in a research note on Saturday, March 21st. Finally, Citigroup reduced their price objective on shares of Niu Technologies from $3.70 to $3.50 and set a “neutral” rating for the company in a report on Tuesday, March 17th. One equities research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Reduce” and a consensus price target of $3.50.

Niu Technologies Stock Down 5.5%

NASDAQ:NIU traded down $0.16 during trading hours on Friday, reaching $2.74. 583,081 shares of the company’s stock were exchanged, compared to its average volume of 695,562. The company has a market capitalization of $213.50 million, a P/E ratio of -34.25 and a beta of -0.24. Niu Technologies has a 12 month low of $2.73 and a 12 month high of $5.67. The business’s 50-day simple moving average is $3.36 and its two-hundred day simple moving average is $3.69.

Niu Technologies (NASDAQ:NIU) last posted its quarterly earnings results on Wednesday, March 18th. The company reported ($0.16) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.13) by ($0.03). Niu Technologies had a negative net margin of 0.94% and a negative return on equity of 4.37%. The company had revenue of $96.66 million during the quarter, compared to the consensus estimate of $89.24 million.

Insider Transactions at Niu Technologies

In related news, CFO Fion Wenjuan Zhou sold 22,113 shares of the stock in a transaction that occurred on Monday, March 16th. The stock was sold at an average price of $3.48, for a total value of $76,953.24. Following the completion of the transaction, the chief financial officer directly owned 142,171 shares of the company’s stock, valued at $494,755.08. This represents a 13.46% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 10.20% of the stock is owned by company insiders.

Institutional Investors Weigh In On Niu Technologies

Hedge funds have recently modified their holdings of the stock. Polunin Capital Partners Ltd increased its stake in Niu Technologies by 36.3% in the 3rd quarter. Polunin Capital Partners Ltd now owns 1,460,883 shares of the company’s stock worth $6,603,000 after purchasing an additional 388,821 shares in the last quarter. NewEdge Advisors LLC purchased a new stake in Niu Technologies during the third quarter valued at about $124,000. Sei Investments Co. boosted its holdings in shares of Niu Technologies by 75.5% in the third quarter. Sei Investments Co. now owns 20,979 shares of the company’s stock worth $98,000 after buying an additional 9,028 shares during the period. XTX Topco Ltd acquired a new position in shares of Niu Technologies in the fourth quarter worth about $97,000. Finally, Boothbay Fund Management LLC purchased a new position in shares of Niu Technologies in the fourth quarter worth approximately $86,000. 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.