This morning the Chinese electric vehicle manufacturer NIO Inc (NYSE:NIO) is expected to be in focus among investors. Last week, the short interest in the NIO stock had gone up by a historic margin in recent times, and on top of that, the stock had also declined by 5%.
According to research from Morgan Stanley, NIO was one of the stocks listed in Hong Kong and the United States to have seen the biggest jump in short interest in March.
However, that is not all. Edison Yu, an analyst at Deutsche Bank, also stated that there are concerns with regards to weakness in NIO and its peers due to competition-related worries.
The financial publication Barron’s had reported last year that fresh competition in the Chinese electric vehicle market could prove to be a problem for the domestic players. While NIO Stock may have made a recovery in recent times, it now remains to be seen if the company can hold its own amidst rising competitions in its market.
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Living in the era of dynamic tech change Alex decided to stay tuned in changes that make any person find comfort and adapt to new devices. Furthermore, gaming became his passion for spending leisure time with his close ones. Although, he has a degree in Business Administration (majoring in Finance) writing for technology and as well as finance has been one of the precious aspects of his life