Niu Technologies (NASDAQ:NIU) Sees Significant Growth in Short Interest

Niu Technologies (NASDAQ:NIU) saw a significant increase in short interest during the month of November. As of November 30th, there was short interest totalling 2,080,000 shares, an increase of 65.1% from the November 15th total of 1,260,000 shares. Based on an average daily volume of 659,500 shares, the days-to-cover ratio is currently 3.2 days.

Niu Technologies Price Performance

NASDAQ NIU traded up $0.01 on Thursday, reaching $1.87. The company had a trading volume of 270,720 shares, compared to its average volume of 418,926. The firm has a market cap of $145.04 million, a price-to-earnings ratio of -4.25 and a beta of 0.46. Niu Technologies has a fifty-two week low of $1.57 and a fifty-two week high of $3.50. The business has a 50 day moving average of $2.20 and a two-hundred day moving average of $2.03.

Hedge Funds Weigh In On Niu Technologies

A number of hedge funds and other institutional investors have recently made changes to their positions in NIU. XTX Topco Ltd acquired a new position in shares of Niu Technologies in the 3rd quarter worth approximately $42,000. Quadrature Capital Ltd bought a new position in Niu Technologies during the third quarter worth $57,000. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in Niu Technologies by 35.6% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 118,124 shares of the company’s stock valued at $272,000 after buying an additional 31,012 shares during the period. Assenagon Asset Management S.A. bought a new stake in Niu Technologies during the third quarter valued at $32,000. Finally, Green Alpha Advisors LLC grew its holdings in Niu Technologies by 23.9% during the 3rd quarter. Green Alpha Advisors LLC now owns 101,572 shares of the company’s stock worth $234,000 after acquiring an additional 19,574 shares during the period. 75.06% of the stock is owned by institutional investors and hedge funds.

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.