Xiaomi Co. (OTCMKTS:XIACF) Sees Significant Increase in Short Interest

Xiaomi Co. (OTCMKTS:XIACF) saw a large growth in short interest during the month of February. As of February 27th, there was short interest totaling 192,493,902 shares, a growth of 18.8% from the February 12th total of 162,021,702 shares. Based on an average daily trading volume, of 57,853 shares, the days-to-cover ratio is presently 3,327.3 days. Based on an average daily trading volume, of 57,853 shares, the days-to-cover ratio is presently 3,327.3 days.

Xiaomi Price Performance

Shares of XIACF opened at $4.30 on Monday. The firm’s 50-day moving average price is $4.59 and its 200-day moving average price is $5.52. Xiaomi has a 1-year low of $3.93 and a 1-year high of $9.00.

Analysts Set New Price Targets

Separately, Jefferies Financial Group downgraded Xiaomi from a “buy” rating to a “hold” rating in a report on Wednesday, December 17th. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy”.

Xiaomi Company Profile

Xiaomi Corporation, founded in April 2010 by entrepreneur Lei Jun and a group of partners, is a Chinese multinational electronics company headquartered in Beijing. The company began with the launch of its proprietary MIUI operating system and quickly expanded into hardware design and manufacturing. Over the past decade, Xiaomi has established itself as one of the world’s leading smartphone vendors, focusing on delivering high-performance devices at competitive price points.

In addition to its core smartphone business, Xiaomi operates two main hardware sub-brands: Mi and Redmi.