Niu Technologies (NASDAQ:NIU) Sees Large Decline in Short Interest

Niu Technologies (NASDAQ:NIU) was the target of a large decline in short interest during the month of September. As of September 30th, there was short interest totaling 904,460 shares, a decline of 49.5% from the September 15th total of 1,789,786 shares. Based on an average daily volume of 282,859 shares, the short-interest ratio is presently 3.2 days. Approximately 1.3% of the company’s stock are short sold.

Niu Technologies Price Performance

Shares of NASDAQ NIU traded up $0.01 during trading hours on Wednesday, hitting $1.91. 45,894 shares of the stock were exchanged, compared to its average volume of 364,350. Niu Technologies has a one year low of $1.79 and a one year high of $4.66. The company’s 50 day moving average is $2.02 and its 200 day moving average is $2.38. The firm has a market capitalization of $149.03 million, a P/E ratio of -5.01 and a beta of -0.23.

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

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. Weiss Ratings reiterated a “sell (d-)” rating on shares of Niu Technologies in a report on Monday, September 14th. Wall Street Zen upgraded Niu Technologies from a “strong sell” rating to a “sell” rating in a report on Saturday. One analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Reduce” and an average target price of $3.50.

Institutional Inflows and Outflows

A hedge fund recently bought a new position in Niu Technologies stock. SmartHarvest Portfolios LLC acquired a new stake in shares of Niu Technologies (NASDAQ:NIU) in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 12,527 shares of the company’s stock, valued at approximately $36,000. Institutional investors and hedge funds own 75.06% of the company’s stock.

Niu Technologies Company Profile

Niu Technologies is a China-based company that designs, manufactures and sells smart electric two-wheelers. Its product portfolio includes electric scooters, mopeds, motorcycles, bicycles and kick scooters, with models marketed under product families such as NQi, MQi, UQi, RQi and KQi. The company combines electric powertrains with connected-vehicle features, including mobile applications and systems designed to support vehicle monitoring, diagnostics and user services.

Founded in 2014, Niu has developed a direct-to-consumer and retail distribution model that serves customers in China and selected international markets.