Niu Technologies (NASDAQ:NIU) Stock Short Interest Report for October

Key Points

• Niu Technologies’ short interest fell 42.6% to 519,085 shares as of October 15, representing about 0.7% of shares outstanding and a short-interest ratio of 4.9 days.
• The stock declined to $1.80, near its 12-month low of $1.78, while the company reported a quarterly EPS loss of $0.19 and negative profitability despite revenue exceeding analyst estimates.
• Analyst sentiment remains cautious, with an average rating of “Reduce” and a consensus price target of $3.50; institutional investors own approximately 75.06% of the company.

Niu Technologies (NASDAQ:NIU - Get Free Report) saw a large drop in short interest in the month of October. As of October 15th, there was short interest totaling 519,085 shares, a drop of 42.6% from the September 30th total of 904,460 shares. Based on an average trading volume of 106,835 shares, the short-interest ratio is currently 4.9 days. Approximately 0.7% of the shares of the stock are sold short.

Niu Technologies Stock Down 4.3%

Shares of Niu Technologies stock traded down $0.08 on Friday, hitting $1.80. 179,588 shares of the company traded hands, compared to its average volume of 101,255. The company has a 50-day moving average price of $1.96 and a 200 day moving average price of $2.59. Niu Technologies has a 12-month low of $1.78 and a 12-month high of $4.50. The company has a market cap of $140.81 million, a PE ratio of -4.74 and a beta of -0.23.

Niu Technologies (NASDAQ:NIU - Get Free Report) last announced its earnings results on Monday, August 10th. The company reported ($0.19) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.19 by ($0.38). Niu Technologies had a negative return on equity of 24.20% and a negative net margin of 4.39%. The company had revenue of $212.01 million for the quarter, compared to the consensus estimate of $173.23 million.

Institutional Trading of Niu Technologies

An institutional investor recently bought a new position in Niu Technologies stock. Engineers Gate Manager LP acquired a new stake in Niu Technologies (NASDAQ:NIU - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 19,219 shares of the company's stock, valued at approximately $39,000. Institutional investors own 75.06% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Wall Street Zen raised shares of Niu Technologies from a "strong sell" rating to a "sell" rating in a research report on Saturday, October 10th. Weiss Ratings reiterated a "sell (d-)" rating on shares of Niu Technologies in a research report on Monday, September 14th. One equities research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Reduce" and a consensus price target of $3.50.

About Niu Technologies

Niu Technologies is a Beijing-based mobility company that designs, manufactures and sells smart electric two-wheelers. Its product portfolio includes electric scooters, mopeds, motorcycles and kick scooters, supported by connected technologies that enable features such as mobile-app integration, vehicle monitoring and battery management.

The company markets products under the NIU brand, including its MQi, NQi, UQi, RQi, KQi and XQi product families. NIU's vehicles are intended for urban transportation and personal mobility, with an emphasis on electric powertrains, connectivity, design and energy efficiency.

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