NIO-SW (09866.HK) +1.650 (+4.029%) Short selling $27.05M; Ratio 14.899% 's 2Q24 sales are expected to be better than expected as the Company recorded decent orders for new versions of its EV models, BofA Securities issued a research report saying.
Of which, deliveries of the L60 will start in September. The sales of L60 are expected to reach 18,000 units in 4Q24 and 77,100 in 2025.
BofA Securities raised its non-GAAP net loss for 2024 by 23%, and trimmed its target price from $50 to $46, with rating reiterated at Neutral.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2024-06-03 16:25.)
