Xiaomi Co. (OTCMKTS:XIACF) Short Interest Update

Xiaomi Co. (OTCMKTS:XIACF) was the target of a significant increase in short interest during the month of December. As of December 31st, there was short interest totaling 80,043,727 shares, an increase of 65.7% from the December 15th total of 48,308,716 shares. Based on an average daily trading volume, of 108,612 shares, the short-interest ratio is currently 737.0 days. Based on an average daily trading volume, of 108,612 shares, the short-interest ratio is currently 737.0 days.

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group downgraded Xiaomi from a “buy” rating to a “hold” rating in a report on Wednesday, December 17th. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy”.

Xiaomi Price Performance

XIACF opened at $4.92 on Friday. Xiaomi has a 1 year low of $4.15 and a 1 year high of $9.00. The company’s 50 day simple moving average is $5.20 and its 200 day simple moving average is $6.27.

Xiaomi Company Profile

Xiaomi Corporation, founded in April 2010 by entrepreneur Lei Jun and a group of partners, is a Chinese multinational electronics company headquartered in Beijing. The company began with the launch of its proprietary MIUI operating system and quickly expanded into hardware design and manufacturing. Over the past decade, Xiaomi has established itself as one of the world’s leading smartphone vendors, focusing on delivering high-performance devices at competitive price points.

In addition to its core smartphone business, Xiaomi operates two main hardware sub-brands: Mi and Redmi.