Niu Technologies (NASDAQ:NIU) Short Interest Up 19.4% in September

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

Institutional Trading of Niu Technologies

Several large investors have recently made changes to their positions in the company. Carmignac Gestion grew its stake in Niu Technologies by 3.2% during the 4th 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 position in shares of Niu Technologies during the 1st quarter worth approximately $72,000. Acadian Asset Management LLC purchased a new stake in shares of Niu Technologies in the second quarter valued at approximately $76,000. Renaissance Technologies LLC increased its holdings in shares of Niu Technologies by 2.6% in the second quarter. Renaissance Technologies LLC now owns 305,000 shares of the company’s stock valued at $531,000 after purchasing an additional 7,800 shares during the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund purchased a new position in Niu Technologies during the second quarter worth approximately $907,000. 75.06% of the stock is currently owned by hedge funds and other institutional investors.

Niu Technologies Stock Up 3.6 %

Shares of NASDAQ:NIU traded up $0.08 during trading on Monday, hitting $2.30. 1,543,073 shares of the stock traded hands, compared to its average volume of 338,899. The company 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 52-week low of $1.57 and a 52-week high of $2.85. The company has a market cap of $178.39 million, a price-to-earnings ratio of -5.09 and a beta of 0.51.

Niu Technologies (NASDAQ:NIU) last issued its quarterly 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 business 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.