Niu Technologies (NASDAQ:NIU) Sees Large Increase in Short Interest

Niu Technologies (NASDAQ:NIU - Get Free Report) was the recipient of a large growth in short interest during the month of September. As of September 15th, there was short interest totalling 1,070,000 shares, a growth of 19.4% from the August 31st total of 895,800 shares. Based on an average daily volume of 242,200 shares, the short-interest ratio is currently 4.4 days.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Carmignac Gestion raised its stake in shares of Niu Technologies by 3.2% in the fourth quarter. Carmignac Gestion now owns 897,408 shares of the company's stock valued at $1,965,000 after acquiring an additional 27,500 shares in the last quarter. Virtu Financial LLC acquired a new stake in Niu Technologies in the 1st quarter valued at about $72,000. Acadian Asset Management LLC purchased a new position in shares of Niu Technologies in the 2nd quarter valued at about $76,000. Renaissance Technologies LLC grew its position in shares of Niu Technologies by 2.6% during the second quarter. Renaissance Technologies LLC now owns 305,000 shares of the company's stock worth $531,000 after buying an additional 7,800 shares in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in shares of Niu Technologies during the second quarter worth approximately $907,000. Hedge funds and other institutional investors own 75.06% of the company's stock.

Niu Technologies Stock Up 3.6 %

NASDAQ NIU traded up $0.08 on Monday, reaching $2.30. The stock had a trading volume of 1,543,073 shares, compared to its average volume of 338,899. The stock has a fifty day moving average price of $1.89 and a two-hundred day moving average price of $1.97. Niu Technologies has a 12-month low of $1.57 and a 12-month high of $2.85. The firm has a market capitalization of $178.39 million, a price-to-earnings ratio of -5.09 and a beta of 0.51.

Niu Technologies (NASDAQ:NIU - Get Free Report) last posted its earnings results on Monday, August 12th. The company reported ($0.04) earnings per share (EPS) for the quarter. Niu Technologies had a negative return on equity of 26.48% and a negative net margin of 10.22%. The firm had revenue of $129.42 million for the quarter.

Niu Technologies Company Profile

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.