Viomi Technology Co Ltd – (NASDAQ:VIOT) saw a significant drop in short interest in February. As of February 28th, there was short interest totalling 414,539 shares, a drop of 28.1% from the February 15th total of 576,946 shares. Based on an average daily trading volume, of 210,418 shares, the short-interest ratio is presently 2.0 days.
Shares of VIOT stock opened at $10.18 on Friday. Viomi Technology has a fifty-two week low of $7.24 and a fifty-two week high of $12.29.
Separately, ValuEngine downgraded Viomi Technology from a “buy” rating to a “hold” rating in a research note on Monday, February 4th.
Several hedge funds have recently made changes to their positions in the company. Point72 Asset Management L.P. purchased a new position in Viomi Technology during the 3rd quarter valued at about $113,000. Citadel Advisors LLC purchased a new position in Viomi Technology during the 3rd quarter valued at about $184,000. Point72 Hong Kong Ltd purchased a new position in Viomi Technology during the 3rd quarter valued at about $260,000. Dean Capital Investments Management LLC purchased a new position in shares of Viomi Technology during the 3rd quarter worth approximately $595,000. Finally, JPMorgan Chase & Co. purchased a new position in shares of Viomi Technology during the 3rd quarter worth approximately $675,000. Institutional investors and hedge funds own 12.04% of the company’s stock.
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Viomi Technology Company Profile
Viomi Technology Co, Ltd, through its subsidiaries, develops and sells Internet-of-things-enabled (IoT-enabled) smart home products in the People's Republic of China. The company offers IoT-enabled smart home products, including smart water purification systems; smart kitchen products, such as refrigerators, oven steamers, dishwashers, range hoods, and gas stoves; and other smart products comprising smart water kettles, washing machines, water heaters, and others.
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