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

Niu Technologies (NASDAQ:NIU) was the target of a large decline in short interest during the month of 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. Approximately 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 currently 4.9 days.

Hedge Funds Weigh In On Niu Technologies

An institutional investor recently bought a new stake in Niu Technologies stock. Engineers Gate Manager LP bought a new stake in shares of Niu Technologies (NASDAQ:NIU) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 19,219 shares of the company’s stock, valued at approximately $39,000. Institutional investors own 75.06% of the company’s stock.

Niu Technologies Stock Down 1.1%

Shares of NASDAQ NIU opened at $1.78 on Tuesday. The stock’s 50 day moving average price is $1.95 and its 200-day moving average price is $2.59. Niu Technologies has a twelve month low of $1.78 and a twelve month high of $4.50. The company has a market capitalization of $139.25 million, a PE ratio of -4.68 and a beta of -0.23.

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

Analyst Upgrades and Downgrades

A number of brokerages have commented on NIU. 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 report on Monday, September 14th. One research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Reduce” and a consensus price target of $3.50.

About Niu Technologies

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.