$NIO NOT THE PLACE TO BE SHORTING, POSSIBLE BOUNCE COMING.

Heightened tension between China and the USA have had a massive impact on the stock of NIO but that is not the only reason. The stock finds itself at a all time low after producing very poor earnings in the previous quarter and that is unlikely to change. Competition within the sector is also mounting as the displacement away from gas intensifies, which will only add to the mounting pressure on cash flow and burn.
Simply this is not a investment at the moment but given the short interest a healthy bounce is very possible FOR A SHORT TERM TRADE.


Short interest 17%
Analysts average price target $7.52
Analysts recommendation Overweight

Company Profile
NIO, Inc. (China) is a holding company, which engages in the design, manufacture, and sale of electric vehicles, driving innovations in next generation technologies in connectivity, autonomous driving and artificial intelligence. Its products include EP9 supercar and ES8 7-seater SUV. The company provides users with home charging, and power express valet service and other power solutions including access to public charging, access to power mobile charging trucks, and battery swapping. It also offers other value-added services such as service package, battery payment arrangement, and vehicle financing and license plate registration.