Xiaomi Co. (OTCMKTS:XIACF) Short Interest Up 19.7% in January

Xiaomi Co. (OTCMKTS:XIACF) was the recipient of a large growth in short interest during the month of January. As of January 30th, there was short interest totaling 164,006,260 shares, a growth of 19.7% from the January 15th total of 136,978,391 shares. Based on an average trading volume of 108,550 shares, the days-to-cover ratio is presently 1,510.9 days. Based on an average trading volume of 108,550 shares, the days-to-cover ratio is presently 1,510.9 days.

Xiaomi Price Performance

XIACF opened at $4.75 on Wednesday. Xiaomi has a 12 month low of $4.15 and a 12 month high of $9.00. The stock has a fifty day moving average price of $4.87 and a 200-day moving average price of $5.82.

Analyst Ratings Changes

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

About Xiaomi

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.