Viomi Technology Co., Ltd. Sponsored ADR (NASDAQ:VIOT) Sees Significant Decline in Short Interest

Viomi Technology Co., Ltd. Sponsored ADR (NASDAQ:VIOT) saw a large decrease in short interest during the month of April. As of April 30th, there was short interest totaling 39,778 shares, a decrease of 79.2% from the April 15th total of 191,255 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average daily volume of 227,606 shares, the short-interest ratio is presently 0.2 days.

Viomi Technology Stock Down 1.7%

Shares of NASDAQ:VIOT opened at $0.98 on Tuesday. The company has a current ratio of 2.60, a quick ratio of 2.43 and a debt-to-equity ratio of 0.03. The firm’s 50-day moving average is $1.15 and its 200 day moving average is $1.73. Viomi Technology has a 12 month low of $0.92 and a 12 month high of $4.33.

Viomi Technology Dividend Announcement

The business also recently announced a special dividend, which was paid on Wednesday, April 15th. Shareholders of record on Monday, April 6th were paid a $0.066 dividend. The ex-dividend date was Monday, April 6th.

Hedge Funds Weigh In On Viomi Technology

Hedge funds have recently added to or reduced their stakes in the stock. Police & Firemen s Retirement System of New Jersey bought a new position in Viomi Technology in the 4th quarter worth about $28,000. Sei Investments Co. bought a new position in Viomi Technology in the 3rd quarter worth about $59,000. Virtu Financial LLC bought a new position in Viomi Technology in the 3rd quarter worth about $72,000. Nomura Holdings Inc. bought a new position in Viomi Technology in the 3rd quarter worth about $77,000. Finally, Jane Street Group LLC bought a new position in Viomi Technology in the 4th quarter worth about $47,000. 1.22% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

VIOT has been the topic of several analyst reports. Weiss Ratings reiterated a “sell (d+)” rating on shares of Viomi Technology in a report on Wednesday, January 21st. Wall Street Zen downgraded shares of Viomi Technology from a “hold” rating to a “sell” rating in a report on Saturday, April 25th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Sell”.

About Viomi Technology

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.