Short Interest in Niu Technologies (NASDAQ:NIU) Grows By 34.3%

Niu Technologies (NASDAQ:NIU) was the recipient of a significant increase in short interest during the month of March. As of March 13th, there was short interest totaling 1,037,331 shares, an increase of 34.3% from the February 26th total of 772,589 shares. Currently, 1.5% of the company’s stock are sold short. Based on an average daily trading volume, of 546,405 shares, the days-to-cover ratio is currently 1.9 days.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on NIU. Citigroup lowered their price target on Niu Technologies from $3.70 to $3.50 and set a “neutral” rating for the company in a report on Tuesday, March 17th. Weiss Ratings restated a “sell (d-)” rating on shares of Niu Technologies in a research note on Thursday, January 22nd. Finally, Wall Street Zen upgraded shares of Niu Technologies from a “hold” rating to a “buy” rating in a research note on Saturday, March 21st. One investment analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and a consensus target price of $3.50.

Insiders Place Their Bets

In other Niu Technologies news, CFO Fion Wenjuan Zhou sold 22,113 shares of the company’s stock in a transaction that occurred on Monday, March 16th. The stock was sold at an average price of $3.48, for a total transaction of $76,953.24. Following the sale, the chief financial officer owned 142,171 shares in the company, valued at $494,755.08. This represents a 13.46% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 10.20% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Niu Technologies

Several hedge funds and other institutional investors have recently modified their holdings of the company. Quarry LP acquired a new stake in shares of Niu Technologies in the 4th quarter worth about $27,000. Sei Investments Co. bought a new stake in Niu Technologies in the 2nd quarter valued at about $40,000. OMERS ADMINISTRATION Corp acquired a new position in Niu Technologies during the 2nd quarter valued at about $45,000. Nomura Holdings Inc. bought a new position in Niu Technologies in the 2nd quarter worth about $51,000. Finally, Quadrature Capital Ltd bought a new position in Niu Technologies in the 4th quarter worth about $47,000. Institutional investors and hedge funds own 75.06% of the company’s stock.

Niu Technologies Stock Down 5.5%

NIU stock traded down $0.16 during midday trading on Friday, reaching $2.74. The company had a trading volume of 583,081 shares, compared to its average volume of 695,562. The firm has a market capitalization of $213.50 million, a PE ratio of -34.25 and a beta of -0.24. The stock has a 50 day moving average price of $3.36 and a 200 day moving average price of $3.69. Niu Technologies has a fifty-two week low of $2.73 and a fifty-two week high of $5.67.

Niu Technologies (NASDAQ:NIU) last announced its quarterly earnings results on Wednesday, March 18th. The company reported ($0.16) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.03). Niu Technologies had a negative return on equity of 4.37% and a negative net margin of 0.94%.The company had revenue of $96.66 million for the quarter, compared to analyst estimates of $89.24 million.

Niu Technologies Company Profile

Niu Technologies Co, Ltd., established in 2014 and headquartered in Beijing, is a leading designer and manufacturer of smart electric scooters and micro-mobility solutions. The company integrates Internet of Things (IoT) connectivity into its vehicles, enabling real-time monitoring of battery status, vehicle diagnostics, and location tracking through its proprietary mobile application. By leveraging lightweight materials and modular battery systems, Niu aims to deliver efficient urban transportation alternatives that reduce reliance on conventional gasoline-powered motorcycles and cars.

Niu’s product portfolio encompasses a range of electric scooters, motorcycles, and e-bikes marketed under its NQi, MQi, and UQi series.