Niu Technologies (NASDAQ:NIU - Get Free Report) saw a large drop in short interest in 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. Approximately 1.1% of the company's shares are sold short. Based on an average daily trading volume, of 1,510,000 shares, the short-interest ratio is currently 0.5 days.
Institutional Investors Weigh In On Niu Technologies
A number of hedge funds have recently made changes to their positions in NIU. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of Niu Technologies in the first quarter worth $950,000. Acadian Asset Management LLC increased its stake 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 worth $851,000 after acquiring an additional 197,940 shares in the last quarter. Assenagon Asset Management S.A. bought a new position in shares of Niu Technologies during the first quarter valued at $578,000. Barclays PLC raised its holdings in Niu Technologies by 285.1% in the 4th quarter. Barclays PLC now owns 128,039 shares of the company's stock worth $230,000 after acquiring an additional 94,794 shares during the last quarter. Finally, American Century Companies Inc. lifted its stake in Niu Technologies by 438.6% during the 4th quarter. American Century Companies Inc. now owns 87,804 shares of the company's stock valued at $157,000 after acquiring an additional 71,501 shares during the period. 75.06% of the stock is currently owned by institutional investors.
Niu Technologies Price Performance
Shares of NASDAQ NIU traded up $0.07 during midday trading on Tuesday, reaching $3.54. 496,520 shares of the stock were exchanged, compared to its average volume of 1,119,037. Niu Technologies has a 12 month low of $1.65 and a 12 month high of $4.90. The business has a 50-day simple moving average of $3.47 and a two-hundred day simple moving average of $2.63. The company has a market capitalization of $275.85 million, a price-to-earnings ratio of -8.05 and a beta of -0.16.
Niu Technologies (NASDAQ:NIU - Get Free Report) last issued its quarterly earnings results on Monday, May 19th. The company reported ($0.07) EPS for the quarter. Niu Technologies had a negative return on equity of 24.22% and a negative net margin of 8.53%. The business had revenue of $93.98 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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