Niu Technologies (NASDAQ:NIU) Short Interest Up 31.7% in March

Niu Technologies (NASDAQ:NIU) was the target of a large growth in short interest in March. As of March 31st, there was short interest totaling 1,366,383 shares, a growth of 31.7% from the March 15th total of 1,037,331 shares. Approximately 2.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 787,702 shares, the days-to-cover ratio is presently 1.7 days.

Insiders Place Their Bets

In other Niu Technologies news, CFO Fion Wenjuan Zhou sold 22,113 shares of Niu Technologies stock in a transaction dated Monday, March 16th. The stock was sold at an average price of $3.48, for a total transaction of $76,953.24. Following the completion of the transaction, the chief financial officer owned 142,171 shares of the company’s stock, valued at $494,755.08. The trade was a 13.46% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 10.20% of the stock is owned by insiders.

Institutional Trading of Niu Technologies

A number of large investors have recently modified their holdings of the business. Public Employees Retirement System of Ohio boosted its position in shares of Niu Technologies by 9.7% during the 4th quarter. Public Employees Retirement System of Ohio now owns 50,835 shares of the company’s stock valued at $154,000 after acquiring an additional 4,477 shares during the last quarter. Sei Investments Co. boosted its position in shares of Niu Technologies by 75.5% during the 3rd quarter. Sei Investments Co. now owns 20,979 shares of the company’s stock valued at $98,000 after acquiring an additional 9,028 shares during the last quarter. Quarry LP bought a new stake in shares of Niu Technologies during the 4th quarter valued at about $27,000. Nomura Holdings Inc. bought a new stake in Niu Technologies in the 2nd quarter worth approximately $51,000. Finally, Quadrature Capital Ltd bought a new stake in Niu Technologies in the 4th quarter worth approximately $47,000. Institutional investors own 75.06% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on NIU shares. Wall Street Zen lowered Niu Technologies from a “buy” rating to a “hold” rating in a report on Saturday, April 11th. Citigroup reduced their target price on Niu Technologies from $3.70 to $3.50 and set a “neutral” rating for the company in a report on Tuesday, March 17th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Niu Technologies in a report on Thursday, January 22nd. One equities research 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, Niu Technologies currently has an average rating of “Reduce” and a consensus target price of $3.50.

Niu Technologies Trading Up 2.3%

Shares of NIU traded up $0.07 during trading hours on Thursday, reaching $3.11. 266,053 shares of the company’s stock traded hands, compared to its average volume of 364,188. The stock has a market cap of $242.33 million, a PE ratio of -38.88 and a beta of -0.14. The firm’s 50 day simple moving average is $3.29 and its 200-day simple moving average is $3.55. Niu Technologies has a 12 month low of $2.70 and a 12 month high of $5.67.

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

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.