Viomi Technology Co., Ltd. Sponsored ADR (NASDAQ:VIOT) Sees Large Growth in Short Interest

Viomi Technology Co., Ltd. Sponsored ADR (NASDAQ:VIOTGet Free Report) was the target of a significant increase in short interest in June. As of June 15th, there was short interest totaling 106,089 shares, an increase of 76.8% from the May 31st total of 60,009 shares. Approximately 0.2% of the company’s stock are sold short. Based on an average trading volume of 272,694 shares, the short-interest ratio is presently 0.4 days.

Wall Street Analysts Forecast Growth

VIOT has been the subject of several analyst reports. Wall Street Zen cut Viomi Technology from a “hold” rating to a “sell” rating in a research note on Saturday, April 25th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Viomi Technology in a research report on Thursday, June 18th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Sell”.

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Hedge Funds Weigh In On Viomi Technology

Institutional investors and hedge funds have recently modified their holdings of the company. Police & Firemen s Retirement System of New Jersey acquired a new stake in Viomi Technology in the fourth quarter valued at $28,000. Bank of America Corp DE acquired a new position in shares of Viomi Technology during the 1st quarter worth about $34,000. Jane Street Group LLC acquired a new position in shares of Viomi Technology during the 4th quarter worth about $47,000. Sei Investments Co. acquired a new position in shares of Viomi Technology during the 3rd quarter worth about $59,000. Finally, Virtu Financial LLC purchased a new position in shares of Viomi Technology in the 3rd quarter valued at about $72,000. Institutional investors and hedge funds own 1.22% of the company’s stock.

Viomi Technology Stock Performance

NASDAQ VIOT opened at $0.81 on Friday. Viomi Technology has a 52 week low of $0.74 and a 52 week high of $4.33. The firm has a 50 day moving average of $0.92 and a two-hundred day moving average of $1.25. The company has a current ratio of 2.60, a quick ratio of 2.43 and a debt-to-equity ratio of 0.03.

Viomi Technology Company Profile

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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.

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