Short Interest in Viomi Technology Co., Ltd. Sponsored ADR (NASDAQ:VIOT) Increases By 306.7%

Viomi Technology Co., Ltd. Sponsored ADR (NASDAQ:VIOT) was the recipient of a significant growth in short interest in the month of May. As of May 29th, there was short interest totaling 60,009 shares, a growth of 306.7% from the May 14th total of 14,756 shares. Based on an average daily volume of 266,756 shares, the short-interest ratio is presently 0.2 days. Currently, 0.1% of the company’s stock are sold short.

Hedge Funds Weigh In On Viomi Technology

Hedge funds have recently modified their holdings of the company. Renaissance Technologies LLC grew its holdings in shares of 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 acquiring an additional 369,616 shares in the last quarter. JPMorgan Chase & Co. bought a new position in shares of Viomi Technology in the second quarter valued at approximately $410,000. Barclays PLC grew its holdings in shares of 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 acquiring an additional 70,810 shares in the last quarter. Two Sigma Investments LP bought a new position in shares of Viomi Technology in the third quarter valued at approximately $525,000. Finally, Oasis Management Co Ltd. bought a new position in shares of Viomi Technology in the third quarter valued at approximately $334,000. Institutional investors own 1.22% of the company’s stock.

Viomi Technology Trading Down 1.1%

VIOT opened at $0.92 on Friday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.43 and a current ratio of 2.60. Viomi Technology has a fifty-two week low of $0.87 and a fifty-two week high of $4.33. The company’s 50-day moving average is $0.99 and its 200 day moving average is $1.42.

Viomi Technology Announces Dividend

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

Analysts Set New Price Targets

Separately, Wall Street Zen lowered shares of Viomi Technology from a “hold” rating to a “sell” rating in a report on Saturday, April 25th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has a consensus rating of “Sell”.

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.