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

Key Points

• Short interest jumped 31.7% in March to 1,366,383 shares (about 2.0% of shares outstanding), leaving a short-interest ratio of 1.7 days based on average daily volume.
• Niu reported quarterly EPS of ($0.16), missing the ($0.13) consensus while beating revenue expectations with $96.66 million; the company remains unprofitable with negative net margin and return on equity.
• The CFO sold 22,113 shares (a 13.46% reduction) at an average price of $3.48, institutional ownership is high at 75.06% (Invesco more than doubled its stake), and analysts' consensus is a "Reduce" rating with a $3.50 target.

Niu 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. Approximately 2.0% of the shares of the company are sold short. Based on an average daily volume of 787,702 shares, the short-interest ratio is presently 1.7 days.

Niu Technologies Stock Up 2.3%

NIU traded up $0.07 during trading hours on Thursday, hitting $3.11. The stock had a trading volume of 266,053 shares, compared to its average volume of 364,188. The company's fifty day simple moving average is $3.29 and its 200 day simple moving average is $3.55. Niu Technologies has a 1 year low of $2.70 and a 1 year high of $5.67. The stock has a market cap of $242.33 million, a PE ratio of -38.88 and a beta of -0.14.

Niu Technologies (NASDAQ:NIU - Get Free Report) last announced its quarterly earnings data on Wednesday, March 18th. The company reported ($0.16) earnings per share for the quarter, missing the consensus estimate 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 during the quarter, compared to analysts' expectations of $89.24 million.

Insider Activity at Niu Technologies

In other news, CFO Fion Wenjuan Zhou sold 22,113 shares of Niu Technologies stock in a transaction on Monday, March 16th. The stock was sold at an average price of $3.48, for a total transaction of $76,953.24. Following the sale, the chief financial officer directly 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 document filed with the SEC, which is available at this hyperlink. 10.20% of the stock is owned by insiders.

Institutional Investors Weigh In On Niu Technologies

Several large investors have recently added to or reduced their stakes in the company. Invesco Ltd. increased its holdings in Niu Technologies by 101.4% in the 4th quarter. Invesco Ltd. now owns 3,649,665 shares of the company's stock worth $11,058,000 after acquiring an additional 1,837,089 shares during the last quarter. Polunin Capital Partners Ltd increased its holdings in Niu Technologies by 36.3% in the 3rd quarter. Polunin Capital Partners Ltd now owns 1,460,883 shares of the company's stock worth $6,603,000 after acquiring an additional 388,821 shares during the last quarter. Renaissance Technologies LLC increased its holdings in Niu Technologies by 85.4% in the 4th quarter. Renaissance Technologies LLC now owns 544,400 shares of the company's stock worth $1,650,000 after acquiring an additional 250,800 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in Niu Technologies by 18.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 442,193 shares of the company's stock worth $1,341,000 after acquiring an additional 70,361 shares during the last quarter. Finally, Canada Pension Plan Investment Board purchased a new position in Niu Technologies during the 2nd quarter valued at about $1,225,000. Hedge funds and other institutional investors own 75.06% of the company's stock.

Analyst Ratings Changes

NIU has been the topic of a number of recent analyst reports. Wall Street Zen cut Niu Technologies from a "buy" rating to a "hold" rating in a research note on Saturday, April 11th. Citigroup lowered their target price on Niu Technologies from $3.70 to $3.50 and set a "neutral" rating on the stock in a research note on Tuesday, March 17th. Finally, Weiss Ratings reiterated a "sell (d-)" rating on shares of Niu Technologies in a research note on Thursday, January 22nd. One analyst has rated the stock with a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Reduce" and a consensus target price of $3.50.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.