Niu Technologies (NASDAQ:NIU) Short Interest Up 31.7% in March

Niu Technologies (NASDAQ:NIU) was the recipient of a large growth in short interest during the month of March. As of March 31st, there was short interest totaling 1,366,383 shares, a growth of 31.7% from the March 15th total of 1,037,331 shares. Currently, 2.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 787,702 shares, the short-interest ratio is presently 1.7 days.

Niu Technologies Trading Down 1.3%

NASDAQ:NIU traded down $0.04 on Friday, reaching $3.07. 675,561 shares of the stock traded hands, compared to its average volume of 471,842. The company has a market capitalization of $239.22 million, a price-to-earnings ratio of -38.38 and a beta of -0.14. Niu Technologies has a 12 month low of $2.70 and a 12 month high of $5.67. The company’s fifty day simple moving average is $3.29 and its 200 day simple moving average is $3.55.

Niu Technologies (NASDAQ:NIU) last released its quarterly earnings data 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 net margin of 0.94% and a negative return on equity of 4.37%. The firm had revenue of $96.66 million for the quarter, compared to the consensus estimate of $89.24 million.

Insider Activity at Niu Technologies

In related news, CFO Fion Wenjuan Zhou sold 22,113 shares of the stock in a transaction on Monday, March 16th. The shares were sold at an average price of $3.48, for a total transaction of $76,953.24. Following the transaction, the chief financial officer owned 142,171 shares of the company’s stock, valued at approximately $494,755.08. This trade represents a 13.46% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 10.20% of the company’s stock.

Institutional Trading of Niu Technologies

A number of large investors have recently made changes to their positions in the stock. Acadian Asset Management LLC boosted its holdings in shares of Niu Technologies by 1,611.5% in the first quarter. Acadian Asset Management LLC now owns 210,223 shares of the company’s stock worth $851,000 after buying an additional 197,940 shares during the last quarter. Russell Investments Group Ltd. purchased a new position in shares of Niu Technologies in the second quarter worth $121,000. Invesco Ltd. boosted its position in shares of Niu Technologies by 2,836.0% during the second quarter. Invesco Ltd. now owns 1,238,505 shares of the company’s stock worth $4,161,000 after acquiring an additional 1,196,322 shares during the last quarter. Qube Research & Technologies Ltd bought a new stake in Niu Technologies in the 2nd quarter valued at $1,207,000. Finally, Sei Investments Co. bought a new stake in Niu Technologies in the 2nd quarter valued at $40,000. 75.06% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms recently commented on NIU. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Niu Technologies in a report on Thursday, January 22nd. Wall Street Zen cut shares of Niu Technologies from a “buy” rating to a “hold” rating in a research report on Saturday, April 11th. Finally, Citigroup dropped their target price on shares of Niu Technologies from $3.70 to $3.50 and set a “neutral” rating for the company in a research report on Tuesday, March 17th. One investment analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Reduce” and an average target price of $3.50.

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.