Short Interest in Nio Inc – (NYSE:NIO) Rises By 30.7%

Nio Inc – (NYSE:NIO) saw a significant increase in short interest during the month of February. As of February 15th, there was short interest totalling 199,600,000 shares, an increase of 30.7% from the January 31st total of 152,750,000 shares. Based on an average trading volume of 49,570,000 shares, the days-to-cover ratio is presently 4.0 days.

Analysts Set New Price Targets

Several brokerages recently issued reports on NIO. Hsbc Global Res lowered shares of NIO from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 7th. The Goldman Sachs Group downgraded shares of NIO from a “neutral” rating to a “sell” rating and cut their price objective for the company from $4.80 to $3.90 in a research report on Monday, November 25th. Macquarie lowered NIO from an “outperform” rating to a “neutral” rating and reduced their price objective for the stock from $6.60 to $4.80 in a research note on Wednesday, November 20th. HSBC downgraded NIO from a “buy” rating to a “hold” rating in a research report on Tuesday, January 7th. Finally, JPMorgan Chase & Co. cut NIO from an “overweight” rating to a “neutral” rating and reduced their price target for the stock from $7.00 to $4.70 in a research report on Tuesday, February 4th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $5.38.

Institutional Investors Weigh In On NIO

Several hedge funds have recently bought and sold shares of the stock. Blue Trust Inc. increased its holdings in NIO by 138.5% in the fourth quarter. Blue Trust Inc. now owns 6,212 shares of the company’s stock valued at $27,000 after buying an additional 3,607 shares in the last quarter. Allspring Global Investments Holdings LLC acquired a new stake in shares of NIO during the 3rd quarter valued at about $32,000. Jones Financial Companies Lllp increased its stake in shares of NIO by 131.8% in the 4th quarter. Jones Financial Companies Lllp now owns 7,619 shares of the company’s stock valued at $33,000 after purchasing an additional 4,332 shares in the last quarter. Callan Family Office LLC purchased a new position in shares of NIO in the 4th quarter valued at about $44,000. Finally, Sava Infond d.o.o. acquired a new position in NIO in the 4th quarter worth about $44,000. Hedge funds and other institutional investors own 48.55% of the company’s stock.

NIO Stock Performance

Shares of NIO stock traded down $0.01 during mid-day trading on Tuesday, reaching $4.23. The stock had a trading volume of 41,354,997 shares, compared to its average volume of 54,558,002. The company has a current ratio of 1.04, a quick ratio of 0.93 and a debt-to-equity ratio of 0.98. NIO has a 1-year low of $3.61 and a 1-year high of $7.71. The firm has a market cap of $8.82 billion, a price-to-earnings ratio of -2.80 and a beta of 1.68. The business’s fifty day moving average is $4.36 and its 200-day moving average is $4.80.

About NIO

NIO Inc designs, manufactures, and sells electric vehicles in the People's Republic of China. The company is also involved in the manufacture of e-powertrain, battery packs, and components; and racing management, technology development, and sales and after-sales management activities. In addition, it offers power solutions for battery charging needs; and other value-added services.