Niu Technologies (NASDAQ:NIU) Short Interest Up 26.9% in July

Niu Technologies (NASDAQ:NIU) saw a significant increase in short interest in the month of July. As of July 31st, there was short interest totalling 1,320,000 shares, an increase of 26.9% from the July 15th total of 1,040,000 shares. Based on an average daily volume of 288,000 shares, the short-interest ratio is presently 4.6 days.

Niu Technologies Trading Down 0.5 %

NASDAQ NIU traded down $0.01 during trading hours on Friday, hitting $1.83. 94,613 shares of the company’s stock traded hands, compared to its average volume of 346,694. Niu Technologies has a 52 week low of $1.57 and a 52 week high of $3.32. The firm has a market capitalization of $141.93 million, a P/E ratio of -3.89 and a beta of 0.47. The business’s fifty day moving average price is $1.91 and its two-hundred day moving average price is $1.94.

Niu Technologies (NASDAQ:NIU) last posted its quarterly earnings data on Monday, May 20th. The company reported ($0.10) earnings per share for the quarter. The company had revenue of $69.91 million for the quarter. Niu Technologies had a negative net margin of 9.79% and a negative return on equity of 23.00%.

Institutional Trading of Niu Technologies

Several institutional investors and hedge funds have recently added to or reduced their stakes in NIU. Virtu Financial LLC bought a new stake in shares of Niu Technologies in the first quarter worth about $72,000. Acadian Asset Management LLC purchased a new position in Niu Technologies during the 2nd quarter valued at approximately $76,000. Renaissance Technologies LLC increased its stake in Niu Technologies by 2.6% in the 2nd quarter. Renaissance Technologies LLC now owns 305,000 shares of the company’s stock worth $531,000 after acquiring an additional 7,800 shares during the last quarter. Finally, Carmignac Gestion raised its holdings in shares of Niu Technologies by 3.2% during the 4th 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 own 75.06% of the company’s stock.

About Niu Technologies

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.