Nio Inc - (NYSE:NIO) Short Interest Update

Nio Inc - (NYSE:NIO - Get Free Report) was the recipient of a significant increase in short interest in February. As of February 15th, there was short interest totalling 199,600,000 shares, an increase of 30.7% from the January 31st total of 152,750,000 shares. Based on an average daily trading volume, of 49,570,000 shares, the days-to-cover ratio is presently 4.0 days.

Wall Street Analyst Weigh In

NIO has been the topic of several recent analyst reports. JPMorgan Chase & Co. lowered shares of NIO from an "overweight" rating to a "neutral" rating and lowered their target price for the stock from $7.00 to $4.70 in a research report on Tuesday, February 4th. Hsbc Global Res lowered shares of NIO from a "strong-buy" rating to a "hold" rating in a report on Tuesday, January 7th. The Goldman Sachs Group downgraded NIO from a "neutral" rating to a "sell" rating and lowered their price target for the company from $4.80 to $3.90 in a research report on Monday, November 25th. HSBC downgraded NIO from a "buy" rating to a "hold" rating in a report on Tuesday, January 7th. Finally, Macquarie cut NIO from an "outperform" rating to a "neutral" rating and decreased their target price for the stock from $6.60 to $4.80 in a report on Wednesday, November 20th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, one has given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, NIO presently has an average rating of "Hold" and an average price target of $5.38.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in NIO. FMR LLC grew its stake in NIO by 5,388.5% during the 3rd quarter. FMR LLC now owns 5,394,895 shares of the company's stock valued at $36,038,000 after acquiring an additional 5,296,601 shares in the last quarter. Trexquant Investment LP bought a new position in NIO in the fourth quarter worth $3,305,000. Point72 Hong Kong Ltd bought a new position in shares of NIO during the 3rd quarter worth approximately $4,879,000. SG Americas Securities LLC grew its holdings in shares of NIO by 104.8% in the 4th quarter. SG Americas Securities LLC now owns 1,151,011 shares of the company's stock worth $5,018,000 after purchasing an additional 589,082 shares during the last quarter. Finally, Quadrature Capital Ltd increased its position in shares of NIO by 32.3% during the 3rd quarter. Quadrature Capital Ltd now owns 2,209,020 shares of the company's stock worth $14,756,000 after purchasing an additional 538,907 shares in the last quarter. 48.55% of the stock is currently owned by institutional investors and hedge funds.

NIO Trading Down 2.9 %

Shares of NYSE NIO traded down $0.13 during mid-day trading on Thursday, hitting $4.23. 14,985,490 shares of the company traded hands, compared to its average volume of 54,224,322. The business has a 50 day moving average of $4.34 and a two-hundred day moving average of $4.80. 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 stock has a market capitalization of $8.82 billion, a price-to-earnings ratio of -2.80 and a beta of 1.81. NIO has a 1 year low of $3.61 and a 1 year high of $7.71.

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.