Niu Technologies (NASDAQ:NIU) Sees Significant Growth in Short Interest

Niu Technologies (NASDAQ:NIU) was the recipient of a large increase in short interest in the month of September. As of September 15th, there was short interest totalling 1,070,000 shares, an increase of 19.4% from the August 31st total of 895,800 shares. Based on an average daily trading volume, of 242,200 shares, the short-interest ratio is currently 4.4 days.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in shares of Niu Technologies in the second quarter valued at approximately $907,000. Acadian Asset Management LLC purchased a new position in Niu Technologies in the 2nd quarter valued at approximately $76,000. Virtu Financial LLC purchased a new position in Niu Technologies in the 1st quarter valued at approximately $72,000. Carmignac Gestion grew its stake in shares of Niu Technologies by 3.2% in the fourth quarter. Carmignac Gestion now owns 897,408 shares of the company’s stock worth $1,965,000 after acquiring an additional 27,500 shares in the last quarter. Finally, Renaissance Technologies LLC increased its position in shares of Niu Technologies by 2.6% during the second quarter. Renaissance Technologies LLC now owns 305,000 shares of the company’s stock worth $531,000 after acquiring an additional 7,800 shares during the period. 75.06% of the stock is currently owned by hedge funds and other institutional investors.

Niu Technologies Trading Up 3.6 %

NASDAQ NIU traded up $0.08 during trading hours on Monday, reaching $2.30. The company had a trading volume of 1,543,073 shares, compared to its average volume of 338,899. The stock has a market capitalization of $178.39 million, a P/E ratio of -5.09 and a beta of 0.51. The stock has a 50-day moving average of $1.89 and a 200 day moving average of $1.97. Niu Technologies has a 1-year low of $1.57 and a 1-year high of $2.85.

Niu Technologies (NASDAQ:NIU) last issued its quarterly earnings data on Monday, August 12th. The company reported ($0.04) EPS for the quarter. The company had revenue of $129.42 million during the quarter. Niu Technologies had a negative return on equity of 26.48% and a negative net margin of 10.22%.

About Niu Technologies

Niu Technologies designs, manufactures, and sells electric scooters in the People's Republic of China, Europe, and internationally. The company offers RQi, NQi, MQi, SQi, UQi, F, and Gova series smart electric scooters, motorcycles, mopeds, and bicycles; KQi series kick-scooters; BQi series e-bikes; and Niu Aero Sports Bicycles.