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 target of a significant growth in short interest in the month of 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. Based on an average trading volume of 272,694 shares, the days-to-cover ratio is currently 0.4 days. Approximately 0.2% of the shares of the stock are short sold.

Institutional Trading of Viomi Technology

A number of large investors have recently added to or reduced their stakes in the business. Renaissance Technologies LLC increased 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 buying an additional 369,616 shares in the last quarter. JPMorgan Chase & Co. bought a new stake in shares of Viomi Technology during the 2nd quarter worth $410,000. Barclays PLC grew its holdings in shares of 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 acquiring an additional 70,810 shares during the last quarter. Two Sigma Investments LP acquired a new position in shares of Viomi Technology in the 3rd quarter worth $525,000. Finally, Oasis Management Co Ltd. acquired a new stake in shares of Viomi Technology during the third quarter worth $334,000. 1.22% of the stock is currently owned by institutional investors.

Viomi Technology Trading Up 6.0%

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

Wall Street Analyst Weigh In

A number of research firms have weighed in on VIOT. Weiss Ratings restated a “sell (d)” rating on shares of Viomi Technology in a research report on Thursday, June 18th. Wall Street Zen cut Viomi Technology from a “hold” rating to a “sell” rating in a research report on Saturday, April 25th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, Viomi Technology presently 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.