Niu Technologies (NASDAQ:NIU) Short Interest Update

Niu Technologies (NASDAQ:NIU) was the target of a large decrease in short interest in the month of March. As of March 31st, there was short interest totalling 1,340,000 shares, a decrease of 33.3% from the March 15th total of 2,010,000 shares. Based on an average daily volume of 1,190,000 shares, the days-to-cover ratio is presently 1.1 days. Currently, 1.9% of the company’s shares are short sold.

Hedge Funds Weigh In On Niu Technologies

Several large investors have recently added to or reduced their stakes in the business. Assenagon Asset Management S.A. purchased a new stake in Niu Technologies in the 1st quarter valued at about $578,000. Barclays PLC increased its holdings in Niu Technologies by 285.1% in the 4th quarter. Barclays PLC now owns 128,039 shares of the company’s stock worth $230,000 after acquiring an additional 94,794 shares during the last quarter. American Century Companies Inc. increased its stake in shares of Niu Technologies by 438.6% in the fourth quarter. American Century Companies Inc. now owns 87,804 shares of the company’s stock worth $157,000 after purchasing an additional 71,501 shares in the last quarter. Renaissance Technologies LLC raised its holdings in Niu Technologies by 21.0% during the 4th quarter. Renaissance Technologies LLC now owns 381,300 shares of the company’s stock valued at $683,000 after acquiring an additional 66,100 shares during the period. Finally, Two Sigma Investments LP lifted its holdings in Niu Technologies by 27.6% during the 4th quarter. Two Sigma Investments LP now owns 170,920 shares of the company’s stock worth $306,000 after purchasing an additional 37,008 shares in the last quarter. Institutional investors own 75.06% of the company’s stock.

Niu Technologies Trading Up 1.0 %

NIU stock opened at $2.91 on Friday. The firm has a market cap of $225.70 million, a PE ratio of -6.61 and a beta of -0.01. Niu Technologies has a 1-year low of $1.65 and a 1-year high of $4.90. The stock has a 50-day moving average price of $3.00 and a 200-day moving average price of $2.39.

Niu Technologies (NASDAQ:NIU) last announced its quarterly earnings results on Monday, March 17th. The company reported ($0.13) earnings per share (EPS) for the quarter. The firm had revenue of $112.23 million during the quarter. Niu Technologies had a negative return on equity of 24.22% and a negative net margin of 8.53%.

Niu Technologies Company Profile

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.