Niu Technologies (NASDAQ:NIU) Short Interest Update

Niu Technologies (NASDAQ:NIU) was the recipient of a significant decline in short interest during 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 daily volume of 601,900 shares, the days-to-cover ratio is currently 2.1 days.

Institutional Trading of Niu Technologies

A number of institutional investors have recently made changes to their positions in NIU. Assenagon Asset Management S.A. bought a new position in Niu Technologies during the third quarter valued at approximately $32,000. XTX Topco Ltd purchased a new position in shares of Niu Technologies in the 3rd quarter worth $42,000. Quadrature Capital Ltd bought a new stake in shares of Niu Technologies in the third quarter worth $57,000. Virtu Financial LLC purchased a new stake in Niu Technologies during the first quarter valued at $72,000. Finally, Acadian Asset Management LLC bought a new position in Niu Technologies in the second quarter valued at about $76,000. Hedge funds and other institutional investors own 75.06% of the company’s stock.

Niu Technologies Stock Performance

NASDAQ NIU opened at $1.86 on Monday. Niu Technologies has a one year low of $1.57 and a one year high of $3.50. The stock has a 50-day moving average of $2.27 and a 200 day moving average of $2.05. The company has a market capitalization of $144.26 million, a price-to-earnings ratio of -4.23 and a beta of 0.51.

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.