Short Interest in Niu Technologies (NASDAQ:NIU) Expands By 26.1%


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Niu Technologies (NASDAQ:NIU) was the recipient of a significant increase in short interest in April. As of April 15th, there was short interest totalling 1,250,000 shares, an increase of 26.1% from the March 31st total of 991,100 shares. Based on an average trading volume of 1,300,000 shares, the days-to-cover ratio is presently 1.0 days.

Several analysts recently weighed in on the stock. Citigroup raised their target price on shares of Niu Technologies in a report on Wednesday, March 3rd. Daiwa Capital Markets assumed coverage on shares of Niu Technologies in a report on Thursday, March 11th. They set an “outperform” rating and a $41.50 price objective on the stock. TheStreet cut shares of Niu Technologies from a “b-” rating to a “c” rating in a report on Wednesday, March 10th. Piper Sandler raised their target price on shares of Niu Technologies from $38.00 to $47.00 and gave the stock an “overweight” rating in a research report on Thursday, April 15th. Finally, Needham & Company LLC raised their target price on shares of Niu Technologies from $36.00 to $46.00 and gave the stock a “buy” rating in a research report on Friday, January 15th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and six have issued a buy rating to the company. Niu Technologies presently has a consensus rating of “Buy” and a consensus price target of $36.50.

NASDAQ:NIU traded down $1.83 during mid-day trading on Tuesday, reaching $33.74. The stock had a trading volume of 779,957 shares, compared to its average volume of 1,383,387. The firm has a market capitalization of $2.57 billion, a price-to-earnings ratio of 108.84, a PEG ratio of 1.98 and a beta of 0.95. Niu Technologies has a twelve month low of $8.37 and a twelve month high of $53.38. The business has a 50 day simple moving average of $36.73 and a 200 day simple moving average of $35.61.

Niu Technologies (NASDAQ:NIU) last announced its quarterly earnings data on Sunday, March 7th. The company reported $0.86 EPS for the quarter, beating the Zacks’ consensus estimate of $0.58 by $0.28. The firm had revenue of $102.99 million during the quarter, compared to the consensus estimate of $89.92 million. Niu Technologies had a net margin of 7.46% and a return on equity of 20.60%. On average, equities research analysts forecast that Niu Technologies will post 0.28 earnings per share for the current year.

A number of large investors have recently made changes to their positions in the stock. SeaTown Holdings Pte. Ltd. increased its holdings in Niu Technologies by 100.0% in the fourth quarter. SeaTown Holdings Pte. Ltd. now owns 200,000 shares of the company’s stock valued at $5,610,000 after buying an additional 100,000 shares in the last quarter. Schroder Investment Management Group purchased a new position in Niu Technologies in the fourth quarter valued at about $392,000. Parametrica Management Ltd purchased a new position in Niu Technologies in the fourth quarter valued at about $1,582,000. Twinbeech Capital LP purchased a new position in Niu Technologies in the fourth quarter valued at about $233,000. Finally, Library Research Ltd purchased a new position in Niu Technologies in the fourth quarter valued at about $4,478,000. Hedge funds and other institutional investors own 21.19% of the company’s stock.

Niu Technologies Company Profile

Niu Technologies designs, manufactures, and sells smart electric-scooters in the People's Republic of China. The company offers NQi, MQi, UQi, and Gova series e-scooters; RQi and TQi series urban commuter electric motorcycles; NIU Aero series professional mountain and road bicycles; and NIU kick-scooter series kick-scooter and other micro-mobility solutions under the NIU brand name.

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