Niu Technologies (NASDAQ:NIU - Get Free Report) was the target of a large decrease in short interest in March. As of March 31st, there was short interest totalling 1,340,000 shares, a decrease of 33.3% from the March 15th total of 2,010,000 shares. Approximately 1.9% of the shares of the stock are sold short. Based on an average daily volume of 1,190,000 shares, the days-to-cover ratio is presently 1.1 days.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently made changes to their positions in the company. American Century Companies Inc. grew its holdings in Niu Technologies by 438.6% during the 4th quarter. American Century Companies Inc. now owns 87,804 shares of the company's stock worth $157,000 after acquiring an additional 71,501 shares during the last quarter. Green Alpha Advisors LLC grew its stake in shares of Niu Technologies by 35.6% in the fourth quarter. Green Alpha Advisors LLC now owns 137,752 shares of the company's stock worth $247,000 after purchasing an additional 36,180 shares during the last quarter. Headlands Technologies LLC acquired a new stake in Niu Technologies in the fourth quarter valued at $31,000. XTX Topco Ltd bought a new position in Niu Technologies during the 3rd quarter worth $42,000. Finally, Assenagon Asset Management S.A. acquired a new position in Niu Technologies during the 1st quarter worth about $578,000. Institutional investors and hedge funds own 75.06% of the company's stock.
Niu Technologies Trading Up 4.1 %
NASDAQ:NIU traded up $0.12 on Wednesday, hitting $3.08. The company had a trading volume of 1,048,882 shares, compared to its average volume of 638,652. The firm has a 50 day moving average of $3.06 and a two-hundred day moving average of $2.40. The stock has a market capitalization of $238.88 million, a price-to-earnings ratio of -7.00 and a beta of -0.01. Niu Technologies has a 52 week low of $1.65 and a 52 week high of $4.90.
Niu Technologies (NASDAQ:NIU - Get Free Report) last released its quarterly earnings data on Monday, March 17th. The company reported ($0.13) earnings per share for the quarter. Niu Technologies had a negative net margin of 8.53% and a negative return on equity of 24.22%. The firm had revenue of $112.23 million for the quarter.
Niu Technologies Company Profile
(
Get Free Report)
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.
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