Niu Technologies (NASDAQ:NIU) Short Interest Up 61.3% in October

Niu Technologies (NASDAQ:NIU - Get Free Report) was the target of a significant growth in short interest in October. As of October 15th, there was short interest totalling 1,710,000 shares, a growth of 61.3% from the September 30th total of 1,060,000 shares. Based on an average daily volume of 481,900 shares, the days-to-cover ratio is currently 3.5 days.

Institutional Trading of Niu Technologies

Large investors have recently made changes to their positions in the business. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in Niu Technologies in the second quarter valued at about $907,000. Acadian Asset Management LLC acquired a new position in Niu Technologies in the second quarter valued at about $76,000. Virtu Financial LLC acquired a new position in Niu Technologies in the first quarter valued at about $72,000. Green Alpha Advisors LLC raised its position in shares of Niu Technologies by 23.9% during the third quarter. Green Alpha Advisors LLC now owns 101,572 shares of the company's stock worth $234,000 after purchasing an additional 19,574 shares during the period. Finally, Assenagon Asset Management S.A. acquired a new stake in shares of Niu Technologies during the third quarter worth about $32,000. Institutional investors own 75.06% of the company's stock.

Niu Technologies Stock Down 5.4 %

NASDAQ:NIU traded down $0.13 during trading hours on Friday, reaching $2.27. The company had a trading volume of 1,263,736 shares, compared to its average volume of 405,497. The stock has a 50-day moving average of $2.16 and a two-hundred day moving average of $2.08. Niu Technologies has a one year low of $1.57 and a one year high of $3.50. The firm has a market capitalization of $176.06 million, a PE ratio of -4.45 and a beta of 0.52.

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