Short Interest in Viomi Technology Co., Ltd. Sponsored ADR (NASDAQ:VIOT) Decreases By 37.1%

Viomi Technology Co., Ltd. Sponsored ADR (NASDAQ:VIOT) was the target of a significant decline in short interest in January. As of January 15th, there was short interest totaling 40,661 shares, a decline of 37.1% from the December 31st total of 64,605 shares. Based on an average trading volume of 404,694 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.1% of the company’s stock are short sold. Currently, 0.1% of the company’s stock are short sold. Based on an average trading volume of 404,694 shares, the days-to-cover ratio is presently 0.1 days.

Viomi Technology Stock Performance

VIOT stock traded down $0.01 during midday trading on Friday, reaching $1.33. 364,775 shares of the company’s stock traded hands, compared to its average volume of 386,613. The company has a current ratio of 1.96, a quick ratio of 1.87 and a debt-to-equity ratio of 0.04. Viomi Technology has a 52-week low of $1.18 and a 52-week high of $4.33. The stock has a market cap of $90.36 million, a P/E ratio of -6.33 and a beta of 0.28. The stock’s 50-day moving average is $1.94 and its 200 day moving average is $2.77.

Analyst Upgrades and Downgrades

VIOT has been the subject of several analyst reports. Wall Street Zen upgraded Viomi Technology from a “hold” rating to a “buy” rating in a report on Saturday, December 13th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Viomi Technology in a research note on Wednesday, January 21st. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company currently has an average rating of “Sell”.

Institutional Trading of Viomi Technology

Hedge funds have recently bought and sold shares of the stock. Sei Investments Co. purchased a new stake in Viomi Technology in the third quarter worth about $59,000. Virtu Financial LLC bought a new stake in Viomi Technology during the 3rd quarter worth approximately $72,000. Nomura Holdings Inc. bought a new position in shares of Viomi Technology in the third quarter worth approximately $77,000. Dimensional Fund Advisors LP purchased a new stake in shares of Viomi Technology in the third quarter worth $102,000. Finally, Schonfeld Strategic Advisors LLC bought a new stake in shares of Viomi Technology during the 3rd quarter valued at $108,000. Institutional investors own 1.22% of the company’s stock.

About Viomi Technology

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.