Nio Inc – (NYSE:NIO) Short Interest Up 30.7% in February

Nio Inc – (NYSE:NIO) was the target of a large increase in short interest in February. As of February 15th, there was short interest totalling 199,600,000 shares, an increase of 30.7% from the January 31st total of 152,750,000 shares. Based on an average daily trading volume, of 49,570,000 shares, the short-interest ratio is currently 4.0 days.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. The Goldman Sachs Group downgraded NIO from a “neutral” rating to a “sell” rating and cut their target price for the stock from $4.80 to $3.90 in a research note on Monday, November 25th. Hsbc Global Res downgraded NIO from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 7th. JPMorgan Chase & Co. downgraded NIO from an “overweight” rating to a “neutral” rating and cut their target price for the stock from $7.00 to $4.70 in a research note on Tuesday, February 4th. HSBC downgraded NIO from a “buy” rating to a “hold” rating in a research note on Tuesday, January 7th. Finally, Macquarie downgraded NIO from an “outperform” rating to a “neutral” rating and dropped their price objective for the company from $6.60 to $4.80 in a research note on Wednesday, November 20th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, one has given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, NIO presently has a consensus rating of “Hold” and an average price target of $5.38.

NIO Trading Down 0.6 %

Shares of NIO traded down $0.03 during trading hours on Thursday, hitting $4.33. The stock had a trading volume of 5,766,169 shares, compared to its average volume of 54,187,368. NIO has a 12-month low of $3.61 and a 12-month high of $7.71. The firm has a market cap of $9.03 billion, a P/E ratio of -2.88 and a beta of 1.81. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.93 and a current ratio of 1.04. The company’s fifty day simple moving average is $4.34 and its 200 day simple moving average is $4.80.

Hedge Funds Weigh In On NIO

A number of large investors have recently modified their holdings of the company. Toronto Dominion Bank lifted its position in NIO by 1,652,962.5% during the third quarter. Toronto Dominion Bank now owns 132,245 shares of the company’s stock valued at $883,000 after buying an additional 132,237 shares in the last quarter. SBI Securities Co. Ltd. acquired a new position in shares of NIO during the 4th quarter valued at $1,360,000. AlphaStar Capital Management LLC purchased a new stake in NIO during the 4th quarter worth $537,000. FMR LLC increased its holdings in NIO by 5,388.5% in the 3rd quarter. FMR LLC now owns 5,394,895 shares of the company’s stock valued at $36,038,000 after purchasing an additional 5,296,601 shares in the last quarter. Finally, Main Management ETF Advisors LLC acquired a new position in shares of NIO during the third quarter worth about $1,327,000. 48.55% of the stock is currently owned by hedge funds and other institutional investors.

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.