Viomi Technology Co., Ltd. Sponsored ADR (NASDAQ:VIOT) Short Interest Up 76.8% in June

Viomi Technology Co., Ltd. Sponsored ADR (NASDAQ:VIOT) was the recipient of a large increase in short interest during the month of June. As of June 15th, there was short interest totaling 106,089 shares, an increase of 76.8% from the May 31st total of 60,009 shares. Based on an average daily volume of 272,694 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.2% of the shares of the stock are short sold.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on VIOT. Weiss Ratings restated a “sell (d)” rating on shares of Viomi Technology in a research note on Thursday, June 18th. Wall Street Zen downgraded shares of Viomi Technology from a “hold” rating to a “sell” rating in a research report on Saturday, April 25th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has an average rating of “Sell”.

Viomi Technology Stock Down 2.3%

VIOT opened at $0.81 on Friday. The firm has a 50 day simple moving average of $0.93 and a 200 day simple moving average of $1.26. Viomi Technology has a fifty-two week low of $0.74 and a fifty-two week high of $4.33. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.60 and a quick ratio of 2.43.

Institutional Trading of Viomi Technology

Several institutional investors and hedge funds have recently made changes to their positions in the business. Bank of America Corp DE bought a new position in shares of Viomi Technology in the 1st quarter worth $34,000. Renaissance Technologies LLC increased its holdings in Viomi Technology by 110.7% in the first quarter. Renaissance Technologies LLC now owns 703,480 shares of the company’s stock valued at $781,000 after purchasing an additional 369,616 shares during the last quarter. Verdad Advisers LP bought a new stake in Viomi Technology in the fourth quarter valued at about $97,000. Quadrature Capital Ltd increased its holdings in Viomi Technology by 69.8% in the fourth quarter. Quadrature Capital Ltd now owns 63,827 shares of the company’s stock valued at $117,000 after purchasing an additional 26,241 shares during the last quarter. Finally, Barclays PLC lifted its stake in Viomi Technology by 38.7% in the fourth quarter. Barclays PLC now owns 253,980 shares of the company’s stock valued at $467,000 after buying an additional 70,810 shares during the period. Institutional investors own 1.22% of the company’s stock.

Viomi Technology Company Profile

Viomi Technology Co, Ltd. (NASDAQ: VIOT) is a China-based provider of smart home appliances and Internet of Things (IoT) solutions. The company develops, manufactures and markets a wide range of connected home products, including water purifiers, water dispensers, washing machines, refrigerators, ovens, air conditioners and kitchen appliances. By integrating hardware design with proprietary software and cloud-based services, Viomi delivers automated control, remote monitoring and data analytics to enhance user convenience, energy efficiency and home safety.

At the core of Viomi’s offerings is its open IoT platform, which supports device interconnectivity and cross-brand compatibility.