Short Interest in Niu Technologies (NASDAQ:NIU) Rises By 31.7%
by Teresa Graham · The Cerbat GemNiu Technologies (NASDAQ:NIU – Get Free Report) saw a large growth in short interest in the month of 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. Currently, 2.0% of the company’s shares are sold short. Based on an average daily trading volume, of 787,702 shares, the days-to-cover ratio is currently 1.7 days.
Insider Buying and Selling
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 value of $76,953.24. Following the completion of the sale, the chief financial officer owned 142,171 shares in the company, 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 company insiders.
Hedge Funds Weigh In On Niu Technologies
A number of institutional investors and hedge funds have recently bought and sold shares of NIU. Acadian Asset Management LLC boosted its holdings in Niu Technologies by 1,611.5% in the 1st quarter. Acadian Asset Management LLC now owns 210,223 shares of the company’s stock worth $851,000 after acquiring an additional 197,940 shares during the period. Russell Investments Group Ltd. purchased a new position in Niu Technologies in the 2nd quarter worth approximately $121,000. Invesco Ltd. boosted its holdings in Niu Technologies by 2,836.0% in the 2nd quarter. Invesco Ltd. now owns 1,238,505 shares of the company’s stock worth $4,161,000 after acquiring an additional 1,196,322 shares during the period. Qube Research & Technologies Ltd purchased a new position in Niu Technologies in the 2nd quarter worth approximately $1,207,000. Finally, Sei Investments Co. purchased a new position in Niu Technologies in the 2nd quarter worth approximately $40,000. Hedge funds and other institutional investors own 75.06% of the company’s stock.
Analyst Ratings Changes
Several analysts have commented on NIU shares. Weiss Ratings restated a “sell (d-)” rating on shares of Niu Technologies in a report on Thursday, January 22nd. Wall Street Zen cut Niu Technologies from a “buy” rating to a “hold” rating in a report on Saturday, April 11th. Finally, Citigroup decreased 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. One research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Niu Technologies has an average rating of “Reduce” and a consensus price target of $3.50.
Read Our Latest Stock Report on NIU
Niu Technologies Stock Performance
Shares of NASDAQ:NIU traded down $0.04 during trading on Friday, reaching $3.07. 675,561 shares of the stock were exchanged, compared to its average volume of 471,842. Niu Technologies has a 12-month low of $2.70 and a 12-month high of $5.67. The firm has a market cap of $239.22 million, a price-to-earnings ratio of -38.38 and a beta of -0.14. The firm’s 50-day moving average price is $3.29 and its 200 day moving average price is $3.55.
Niu Technologies (NASDAQ:NIU – Get Free Report) last issued its 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). Niu Technologies had a negative return on equity of 4.37% and a negative net margin of 0.94%.The firm had revenue of $96.66 million for the quarter, compared to analysts’ expectations of $89.24 million.
About Niu Technologies
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.