Viomi Technology Co., Ltd. Sponsored ADR (NASDAQ:VIOT) Short Interest Up 306.7% in May

Viomi Technology Co., Ltd. Sponsored ADR (NASDAQ:VIOT) saw a large growth in short interest during the month of May. As of May 29th, there was short interest totaling 60,009 shares, a growth of 306.7% from the May 14th total of 14,756 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average daily trading volume, of 266,756 shares, the short-interest ratio is currently 0.2 days.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen downgraded Viomi Technology from a “hold” rating to a “sell” rating in a report on Saturday, April 25th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Viomi Technology presently has an average rating of “Sell”.

Viomi Technology Stock Performance

Shares of Viomi Technology stock traded up $0.01 on Thursday, hitting $0.93. The stock had a trading volume of 220,610 shares, compared to its average volume of 294,562. Viomi Technology has a 52-week low of $0.87 and a 52-week high of $4.33. The company has a quick ratio of 2.43, a current ratio of 2.60 and a debt-to-equity ratio of 0.03. The company’s 50 day moving average price is $0.99 and its 200 day moving average price is $1.44.

Viomi Technology Announces Dividend

The company also recently announced a special dividend, which was paid on Wednesday, April 15th. Stockholders of record on Monday, April 6th were issued a $0.066 dividend. The ex-dividend date of this dividend was Monday, April 6th.

Institutional Trading of Viomi Technology

Several institutional investors and hedge funds have recently made changes to their positions in VIOT. Renaissance Technologies LLC lifted its holdings in shares of Viomi Technology by 110.7% in the 1st quarter. Renaissance Technologies LLC now owns 703,480 shares of the company’s stock valued at $781,000 after purchasing an additional 369,616 shares during the last quarter. JPMorgan Chase & Co. purchased a new stake in shares of Viomi Technology in the 2nd quarter valued at about $410,000. Two Sigma Investments LP purchased a new stake in shares of Viomi Technology in the 3rd quarter valued at about $525,000. Oasis Management Co Ltd. purchased a new stake in shares of Viomi Technology in the 3rd quarter valued at about $334,000. Finally, Barclays PLC lifted 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 valued at $467,000 after purchasing an additional 70,810 shares during the last quarter. 1.22% of the stock is owned by hedge funds and other institutional investors.

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.