Short Interest in Niu Technologies – (NASDAQ:NIU) Declines By 31.4%

Niu Technologies – (NASDAQ:NIU) was the target of a significant decline in short interest in December. As of December 31st, there was short interest totalling 162,300 shares, a decline of 31.4% from the December 15th total of 236,700 shares. Based on an average daily volume of 153,300 shares, the days-to-cover ratio is currently 1.1 days. Approximately 0.3% of the company’s stock are short sold.

A number of equities analysts have commented on the stock. Piper Jaffray Companies assumed coverage on shares of Niu Technologies in a report on Tuesday, December 3rd. They issued an “overweight” rating and a $13.00 target price for the company. ValuEngine upgraded shares of Niu Technologies from a “sell” rating to a “hold” rating in a report on Tuesday, December 3rd.

NIU opened at $8.09 on Friday. Niu Technologies has a 52-week low of $5.33 and a 52-week high of $13.60. The company has a market cap of $602.13 million, a P/E ratio of 47.65 and a beta of 0.43. The firm’s 50-day moving average price is $8.56 and its 200-day moving average price is $8.07.

Niu Technologies (NASDAQ:NIU) last posted its quarterly earnings data on Monday, November 25th. The company reported $0.12 earnings per share (EPS) for the quarter. Niu Technologies had a net margin of 4.88% and a return on equity of 15.23%. The firm had revenue of $91.56 million for the quarter. On average, research analysts expect that Niu Technologies will post 0.32 EPS for the current fiscal year.

Institutional investors and hedge funds have recently bought and sold shares of the company. State Street Corp acquired a new position in shares of Niu Technologies during the third quarter valued at about $104,000. Essex Investment Management Co. LLC acquired a new position in shares of Niu Technologies during the third quarter valued at about $1,347,000. Morgan Stanley increased its holdings in shares of Niu Technologies by 29.8% during the second quarter. Morgan Stanley now owns 43,844 shares of the company’s stock valued at $259,000 after acquiring an additional 10,054 shares in the last quarter. Marshall Wace LLP acquired a new position in shares of Niu Technologies during the second quarter valued at about $160,000. Finally, Yiheng Capital LLC increased its holdings in shares of Niu Technologies by 19.4% during the second quarter. Yiheng Capital LLC now owns 3,533,619 shares of the company’s stock valued at $20,884,000 after acquiring an additional 574,135 shares in the last quarter. Hedge funds and other institutional investors own 8.92% of the company’s stock.

About Niu Technologies

Niu Technologies designs, manufactures, and sells smart e-scooters in the People's Republic of China. It offers N, M, and U series e-scooters with various models or specifications under the NIU brand name. The company sells and services its products through city partner system, as well as through own online store and third-party e-commerce platforms.

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