Niu Technologies (NASDAQ:NIU - Get Free Report) was the target of a significant drop in short interest during the month of May. As of May 15th, there was short interest totalling 731,400 shares, a drop of 49.9% from the April 30th total of 1,460,000 shares. Based on an average trading volume of 1,510,000 shares, the short-interest ratio is presently 0.5 days. Approximately 1.1% of the shares of the stock are sold short.
Institutional Investors Weigh In On Niu Technologies
Several hedge funds have recently modified their holdings of NIU. Acadian Asset Management LLC increased its holdings in shares of Niu Technologies by 1,611.5% in the 1st quarter. Acadian Asset Management LLC now owns 210,223 shares of the company's stock valued at $851,000 after purchasing an additional 197,940 shares during the period. Connor Clark & Lunn Investment Management Ltd. bought a new position in Niu Technologies in the first quarter worth $950,000. Headlands Technologies LLC lifted its position in shares of Niu Technologies by 375.3% during the 1st quarter. Headlands Technologies LLC now owns 83,456 shares of the company's stock worth $340,000 after buying an additional 65,899 shares during the period. Baader Bank Aktiengesellschaft bought a new stake in Niu Technologies during the 1st quarter worth approximately $89,000. Finally, Assenagon Asset Management S.A. acquired a new stake in shares of Niu Technologies in the first quarter valued at approximately $578,000. 75.06% of the stock is owned by hedge funds and other institutional investors.
Niu Technologies Trading Down 8.4%
Niu Technologies stock opened at $3.58 on Monday. The stock has a market cap of $278.96 million, a PE ratio of -8.14 and a beta of -0.16. The stock has a 50-day moving average price of $3.48 and a 200 day moving average price of $2.62. 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 issued its quarterly earnings data on Monday, May 19th. The company reported ($0.07) 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 $93.98 million during 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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