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

Viomi Technology Co., Ltd. Sponsored ADR (NASDAQ:VIOT) was the recipient of a large drop in short interest in the month of August. As of August 31st, there was short interest totaling 238,059 shares, a drop of 45.1% from the August 15th total of 433,246 shares. Based on an average trading volume of 282,790 shares, the days-to-cover ratio is presently 0.8 days. Currently, 0.5% of the company’s stock are sold short.

Viomi Technology Stock Up 3.3%

Shares of NASDAQ:VIOT traded up $0.04 during midday trading on Tuesday, reaching $1.40. 2,033,300 shares of the company’s stock were exchanged, compared to its average volume of 647,192. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.53 and a quick ratio of 2.36. Viomi Technology has a 12 month low of $0.66 and a 12 month high of $3.68. The company’s 50 day simple moving average is $0.87 and its two-hundred day simple moving average is $0.99.

Viomi Technology (NASDAQ:VIOT) last posted its earnings results on Friday, August 14th. The company reported ($0.03) earnings per share for the quarter. The firm had revenue of $54.46 million for the quarter. Equities research analysts forecast that Viomi Technology will post -0.09 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Bank of America Corp DE acquired a new position in Viomi Technology in the first quarter valued at about $34,000. Renaissance Technologies LLC boosted its holdings in Viomi Technology by 110.7% during the first quarter. Renaissance Technologies LLC now owns 703,480 shares of the company’s stock worth $781,000 after purchasing an additional 369,616 shares during the last quarter. Finally, Ramsey Quantitative Systems bought a new position in shares of Viomi Technology in the 2nd quarter valued at about $258,000. Institutional investors own 1.22% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings raised Viomi Technology from a “sell (d)” rating to a “hold (c-)” rating in a research note on Monday, August 31st. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock currently has an average rating of “Hold”.

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.