Nio Inc - (NYSE:NIO) Short Interest Update

Nio Inc - (NYSE:NIO - Get Free Report) was the recipient of a large increase in short interest during the month of March. As of March 31st, there was short interest totalling 232,360,000 shares, an increase of 28.7% from the March 15th total of 180,540,000 shares. Currently, 11.2% of the shares of the company are short sold. Based on an average daily trading volume, of 58,420,000 shares, the short-interest ratio is currently 4.0 days.

NIO Trading Up 4.8 %

NYSE NIO traded up $0.18 on Wednesday, reaching $3.93. The stock had a trading volume of 28,946,968 shares, compared to its average volume of 55,977,308. The stock has a fifty day moving average price of $4.15 and a two-hundred day moving average price of $4.53. NIO has a 12-month low of $3.02 and a 12-month high of $7.71. The company has a quick ratio of 0.93, a current ratio of 1.04 and a debt-to-equity ratio of 0.98. The firm has a market capitalization of $8.20 billion, a price-to-earnings ratio of -2.60 and a beta of 1.74.

NIO (NYSE:NIO - Get Free Report) last posted its earnings results on Friday, March 21st. The company reported ($0.47) earnings per share for the quarter, missing the consensus estimate of ($0.33) by ($0.14). The business had revenue of $2.70 billion for the quarter, compared to analysts' expectations of $20.19 billion. NIO had a negative return on equity of 113.83% and a negative net margin of 33.41%. NIO's revenue for the quarter was up 15.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($2.81) EPS. As a group, sell-side analysts forecast that NIO will post -1.43 EPS for the current fiscal year.

Institutional Trading of NIO

Several large investors have recently modified their holdings of NIO. Sava Infond d.o.o. raised its holdings in shares of NIO by 100.0% during the 1st quarter. Sava Infond d.o.o. now owns 20,000 shares of the company's stock valued at $76,000 after buying an additional 10,000 shares during the period. Cobblestone Asset Management LLC bought a new stake in shares of NIO in the 1st quarter worth approximately $319,000. FNY Investment Advisers LLC raised its holdings in NIO by 2.7% during the 1st quarter. FNY Investment Advisers LLC now owns 149,300 shares of the company's stock worth $568,000 after buying an additional 3,870 shares during the period. QRG Capital Management Inc. acquired a new stake in NIO during the 1st quarter worth about $60,000. Finally, Azzad Asset Management Inc. ADV increased its position in NIO by 44.1% in the 1st quarter. Azzad Asset Management Inc. ADV now owns 39,492 shares of the company's stock worth $150,000 after purchasing an additional 12,080 shares during the last quarter. 48.55% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

NIO has been the topic of several analyst reports. HSBC downgraded NIO from a "buy" rating to a "hold" rating in a research report on Tuesday, January 7th. Cfra Research raised shares of NIO to a "hold" rating in a report on Friday, March 21st. JPMorgan Chase & Co. lowered shares of NIO from an "overweight" rating to a "neutral" rating and lowered their price objective for the company from $7.00 to $4.70 in a research report on Tuesday, February 4th. Hsbc Global Res downgraded NIO from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, January 7th. Finally, Citigroup reduced their price objective on shares of NIO from $8.90 to $8.10 and set a "buy" rating on the stock in a research report on Monday, March 24th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, one has given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $5.05.

NIO Company Profile

NIO Inc designs, manufactures, and sells electric vehicles in the People's Republic of China. The company is also involved in the manufacture of e-powertrain, battery packs, and components; and racing management, technology development, and sales and after-sales management activities. In addition, it offers power solutions for battery charging needs; and other value-added services.