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Short Interest in Niu Technologies (NASDAQ:NIU) Grows By 34.3%
Short interest in Niu Technologies (NASDAQ:NIU) significantly increased by 34.3% in March, reaching over 1 million shares, indicating growing bearish sentiment. This increase comes alongside a stock price decline of 5.5% to $2.74 and a “Reduce” consensus rating from analysts with a target price of $3.50. Furthermore, the company’s CFO recently sold a substantial portion of her shares, and Niu Technologies missed EPS estimates despite beating revenue in its latest quarter.