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

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

Institutional Investors Weigh In On Viomi Technology

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Two Sigma Investments LP acquired a new stake in shares of Viomi Technology during the 3rd quarter valued at $525,000. Barclays PLC increased its position in Viomi Technology by 38.7% in the 4th quarter. Barclays PLC now owns 253,980 shares of the company’s stock worth $467,000 after purchasing an additional 70,810 shares during the last quarter. JPMorgan Chase & Co. acquired a new position in Viomi Technology in the 2nd quarter worth about $410,000. Dimensional Fund Advisors LP raised its stake in shares of Viomi Technology by 112.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 65,057 shares of the company’s stock worth $120,000 after purchasing an additional 34,404 shares in the last quarter. Finally, Quadrature Capital Ltd raised its stake in shares of Viomi Technology by 69.8% during the 4th quarter. Quadrature Capital Ltd now owns 63,827 shares of the company’s stock worth $117,000 after purchasing an additional 26,241 shares in the last quarter. Hedge funds and other institutional investors own 1.22% of the company’s stock.

Viomi Technology Price Performance

NASDAQ VIOT opened at $0.83 on Thursday. The company has a 50 day simple moving average of $0.93 and a 200-day simple moving average of $1.27. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.60 and a quick ratio of 2.43. Viomi Technology has a 52-week low of $0.74 and a 52-week high of $4.33.

Analyst Ratings Changes

Several research analysts have commented on the stock. Wall Street Zen cut shares of Viomi Technology from a “hold” rating to a “sell” rating in a report on Saturday, April 25th. Weiss Ratings reissued a “sell (d)” rating on shares of Viomi Technology in a research note on Thursday, June 18th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, 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.