Short Interest in Niu Technologies (NASDAQ:NIU) Decreases By 20.3%

Niu Technologies (NASDAQ:NIU) was the recipient of a large decline in short interest in the month of November. As of November 15th, there was short interest totalling 1,260,000 shares, a decline of 20.3% from the October 31st total of 1,580,000 shares. Based on an average trading volume of 601,900 shares, the short-interest ratio is presently 2.1 days.

Niu Technologies Stock Performance

NASDAQ NIU opened at $1.86 on Monday. The business’s fifty day moving average is $2.27 and its 200 day moving average is $2.05. The company has a market capitalization of $144.26 million, a PE ratio of -4.23 and a beta of 0.51. Niu Technologies has a fifty-two week low of $1.57 and a fifty-two week high of $3.50.

Institutional Investors Weigh In On Niu Technologies

Several hedge funds and other institutional investors have recently added to or reduced their stakes in NIU. Assenagon Asset Management S.A. bought a new stake in shares of Niu Technologies during the 3rd quarter valued at $32,000. XTX Topco Ltd bought a new position in shares of Niu Technologies in the third quarter worth about $42,000. Quadrature Capital Ltd purchased a new stake in shares of Niu Technologies during the third quarter worth about $57,000. Virtu Financial LLC bought a new stake in Niu Technologies during the 1st quarter valued at approximately $72,000. Finally, Acadian Asset Management LLC purchased a new position in Niu Technologies in the 2nd quarter worth approximately $76,000. 75.06% of the stock is owned by hedge funds and other institutional investors.

Niu Technologies Company Profile

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.