Nio Inc – (NYSE:NIO) was the target of a large increase in short interest during the month of September. As of September 28th, there was short interest totalling 18,307,685 shares, an increase of 498.4% from the September 14th total of 3,059,249 shares. Based on an average daily trading volume, of 28,677,619 shares, the days-to-cover ratio is currently 0.6 days.
NIO stock opened at $7.46 on Friday. NIO has a 12 month low of $5.35 and a 12 month high of $13.80.
An institutional investor recently bought a new position in NIO stock. Nwam LLC bought a new stake in Nio Inc – (NYSE:NIO) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 32,985 shares of the company’s stock, valued at approximately $230,000.
NIO Company Profile
NIO Inc designs, manufactures, and sells electric vehicles in the People's Republic of China, the United States, Germany, and the United Kingdom. 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.
See Also: Asset Allocation
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.