Niu Technologies (NASDAQ:NIU) Sees Large Decrease in Short Interest

Niu Technologies (NASDAQ:NIU) was the recipient of a significant drop in short interest in the month of April. As of April 15th, there was short interest totalling 1,090,000 shares, a drop of 16.8% from the March 31st total of 1,310,000 shares. Based on an average daily trading volume, of 417,700 shares, the short-interest ratio is presently 2.6 days.

Niu Technologies Stock Performance

NASDAQ NIU opened at $2.26 on Friday. Niu Technologies has a one year low of $1.57 and a one year high of $4.82. The company’s 50 day moving average price is $1.88 and its 200 day moving average price is $2.03. The firm has a market capitalization of $174.31 million, a price-to-earnings ratio of -4.71 and a beta of 0.60.

Niu Technologies (NASDAQ:NIU) last posted its quarterly earnings data on Monday, March 18th. The company reported ($0.23) earnings per share (EPS) for the quarter. The firm had revenue of $67.42 million for the quarter. Niu Technologies had a negative net margin of 10.36% and a negative return on equity of 22.41%. During the same quarter in the prior year, the company earned ($0.07) EPS.

Institutional Trading of Niu Technologies

A number of hedge funds have recently made changes to their positions in the stock. QRG Capital Management Inc. acquired a new position in shares of Niu Technologies during the third quarter valued at $32,000. Pathstone Family Office LLC raised its position in Niu Technologies by 116.9% in the third quarter. Pathstone Family Office LLC now owns 39,037 shares of the company’s stock worth $110,000 after acquiring an additional 21,037 shares in the last quarter. Green Alpha Advisors LLC raised its position in Niu Technologies by 71.2% in the fourth quarter. Green Alpha Advisors LLC now owns 82,852 shares of the company’s stock worth $181,000 after acquiring an additional 34,468 shares in the last quarter. Assenagon Asset Management S.A. raised its position in Niu Technologies by 447.7% in the fourth quarter. Assenagon Asset Management S.A. now owns 558,457 shares of the company’s stock worth $1,223,000 after acquiring an additional 456,485 shares in the last quarter. Finally, Carmignac Gestion raised its position in Niu Technologies by 3.2% in the fourth quarter. Carmignac Gestion now owns 897,408 shares of the company’s stock worth $1,965,000 after acquiring an additional 27,500 shares in the last quarter. Institutional investors and hedge funds own 75.06% of the company’s stock.

About Niu Technologies

Niu Technologies designs, manufactures, and sells smart electric scooters in the People's Republic of China. The company offers RQi, NQi, MQi, SQi, UQi, and Gova series electric scooters and motorcycles; KQi series one kick-scooters; BQi series e-bikes; and Niu Aero Sports Bicycles. It also provides accessories and spare parts under the NIU brand name comprising scooter accessories, such as raincoats, gloves, knee pads, storage baskets and tail boxes, smart phone holders, backrests, and locks; lifestyle accessories, which includes T-shirts, coats, sweaters and hoodies, jeans, hats, bags, jewelry, notebook, badges, key chain, and mugs; and performance upgrade components that comprises of upgraded wheels, shock absorbers, brake calipers, and carbon fiber body panels.