Short Interest in Viomi Technology Co., Ltd. Sponsored ADR (NASDAQ:VIOT) Drops By 62.9%

Viomi Technology Co., Ltd. Sponsored ADR (NASDAQ:VIOT) saw a large drop in short interest in the month of May. As of May 15th, there was short interest totaling 14,756 shares, a drop of 62.9% from the April 30th total of 39,778 shares. Based on an average daily volume of 152,079 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the shares of the stock are sold short.

Hedge Funds Weigh In On Viomi Technology

A number of hedge funds and other institutional investors have recently modified their holdings of VIOT. Renaissance Technologies LLC boosted its position in shares of Viomi Technology by 110.7% in the 1st 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 period. JPMorgan Chase & Co. acquired a new stake in Viomi Technology during the 2nd quarter worth about $410,000. Barclays PLC lifted its stake in Viomi Technology by 38.7% during 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 in the last quarter. Two Sigma Investments LP acquired a new position in shares of Viomi Technology in the third quarter worth about $525,000. Finally, Oasis Management Co Ltd. acquired a new position in shares of Viomi Technology in the third quarter worth about $334,000. Institutional investors and hedge funds own 1.22% of the company’s stock.

Viomi Technology Stock Performance

Viomi Technology stock opened at $0.97 on Friday. Viomi Technology has a 1 year low of $0.87 and a 1 year high of $4.33. The firm’s 50 day moving average price is $1.04 and its two-hundred day moving average price is $1.54. 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 Announces Dividend

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

Wall Street Analysts Forecast Growth

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