Short Interest in Nio Inc – (NYSE:NIO) Grows By 9.2%

Nio Inc – (NYSE:NIO) saw a large increase in short interest during the month of October. As of October 31st, there was short interest totalling 210,650,000 shares, an increase of 9.2% from the September 30th total of 192,970,000 shares. Based on an average trading volume of 32,400,000 shares, the short-interest ratio is currently 6.5 days. Approximately 28.8% of the company’s shares are short sold.

NIO stock opened at $1.80 on Monday. NIO has a fifty-two week low of $1.19 and a fifty-two week high of $10.64. The business’s 50 day moving average price is $1.65 and its two-hundred day moving average price is $2.90. The company has a debt-to-equity ratio of 3.73, a quick ratio of 0.80 and a current ratio of 0.97. The company has a market capitalization of $1.80 billion, a price-to-earnings ratio of -0.18 and a beta of 1.95.

NIO (NYSE:NIO) last posted its earnings results on Tuesday, September 24th. The company reported ($3.11) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.46) by ($2.65). NIO had a negative return on equity of 107.06% and a negative net margin of 152.51%. The firm had revenue of $1.51 billion for the quarter, compared to analysts’ expectations of $1.21 billion. During the same quarter last year, the company posted ($57.82) EPS. The firm’s revenue was up 3180.2% on a year-over-year basis. Sell-side analysts forecast that NIO will post -1.61 earnings per share for the current year.

A number of research analysts recently issued reports on NIO shares. Bank of America set a $2.50 price target on NIO and gave the company a “sell” rating in a report on Tuesday, September 24th. Morgan Stanley downgraded NIO from an “overweight” rating to an “equal” rating and reduced their price target for the company from $3.50 to $2.40 in a report on Thursday, September 26th. Zacks Investment Research downgraded NIO from a “hold” rating to a “sell” rating in a report on Wednesday, November 6th. Wolfe Research downgraded NIO from an “outperform” rating to a “peer perform” rating and set a $1.90 price target on the stock. in a report on Thursday, September 26th. Finally, Goldman Sachs Group downgraded NIO from a “buy” rating to a “neutral” rating and reduced their price target for the company from $9.76 to $1.47 in a report on Friday, October 4th. Three research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company. NIO currently has a consensus rating of “Hold” and an average target price of $4.05.

Several hedge funds have recently bought and sold shares of NIO. Teacher Retirement System of Texas bought a new stake in shares of NIO in the 3rd quarter worth approximately $26,000. Sigma Planning Corp bought a new stake in shares of NIO in the 2nd quarter worth approximately $27,000. World Asset Management Inc bought a new stake in shares of NIO in the 2nd quarter worth approximately $28,000. Aries Wealth Management boosted its position in shares of NIO by 100.0% in the 3rd quarter. Aries Wealth Management now owns 20,000 shares of the company’s stock worth $31,000 after purchasing an additional 10,000 shares in the last quarter. Finally, United Capital Financial Advisers LLC boosted its position in shares of NIO by 32.5% in the 2nd quarter. United Capital Financial Advisers LLC now owns 13,922 shares of the company’s stock worth $36,000 after purchasing an additional 3,416 shares in the last quarter. Hedge funds and other institutional investors own 36.47% of the company’s stock.

NIO Company Profile

NIO Inc designs, manufactures, and sells electric vehicles in the People's Republic of China. The company is also involved in the manufacture of e-powertrain, battery packs, and components; and racing management, technology development, and sales and after-sales management activities. In addition, it offers power solutions for battery charging needs; and other value-added services.

Featured Article: Book Value Per Share – BVPS

Receive News & Ratings for NIO Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NIO and related companies with MarketBeat.com's FREE daily email newsletter.