Viomi Technology Co., Ltd. Sponsored ADR (NASDAQ:VIOT) Short Interest Update

Viomi Technology Co., Ltd. Sponsored ADR (NASDAQ:VIOT) was the target of a significant decrease in short interest in September. As of September 30th, there was short interest totaling 315,000 shares, a decrease of 28.6% from the September 15th total of 440,900 shares. Based on an average daily volume of 670,700 shares, the days-to-cover ratio is presently 0.5 days. Based on an average daily volume of 670,700 shares, the days-to-cover ratio is presently 0.5 days.

Institutional Investors Weigh In On Viomi Technology

A hedge fund recently bought a new stake in Viomi Technology stock. JPMorgan Chase & Co. bought a new position in Viomi Technology Co., Ltd. Sponsored ADR (NASDAQ:VIOT) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 303,531 shares of the company’s stock, valued at approximately $410,000. JPMorgan Chase & Co. owned about 0.44% of Viomi Technology as of its most recent filing with the Securities and Exchange Commission (SEC). Hedge funds and other institutional investors own 1.22% of the company’s stock.

Viomi Technology Stock Performance

NASDAQ VIOT opened at $2.80 on Friday. Viomi Technology has a 12 month low of $1.21 and a 12 month high of $4.33. The stock has a market cap of $190.23 million, a P/E ratio of 46.67 and a beta of 0.20. The stock’s fifty day moving average price is $3.29 and its 200-day moving average price is $2.43.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on VIOT shares. Weiss Ratings started coverage on Viomi Technology in a report on Wednesday, October 8th. They issued a “sell (d+)” rating for the company. Wall Street Zen upgraded Viomi Technology from a “hold” rating to a “buy” rating in a report on Monday, October 6th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock has a consensus rating of “Sell”.

About Viomi Technology

Viomi Technology Co, Ltd, through its subsidiaries, develops and sells Internet-of-things-enabled (IoT-enabled) smart home products in the People's Republic of China. The company offers IoT-enabled smart home products, including smart water purification systems; smart kitchen products, such as refrigerators, oven steamers, dishwashers, range hoods, and gas stoves; and other smart products comprising air conditioning systems, washing machines, water heaters, smart water kettles, sweeper robots, smart locks, and other smart devices, as well as blenders.