Viomi Technology Co., Ltd. Sponsored ADR (NASDAQ:VIOT) Shares Shorted: Short Interest Down 38.5% in September

Viomi Technology Co., Ltd. Sponsored ADR (NASDAQ:VIOT) was the target of a large decrease in short interest in the month of September. As of September 30th, there was short interest totaling 426,725 shares, a decrease of 38.5% from the September 15th total of 693,554 shares. Approximately 1.0% of the shares of the stock are short sold. Based on an average trading volume of 555,233 shares, the short-interest ratio is presently 0.8 days.

Viomi Technology Stock Down 2.7%

Shares of NASDAQ VIOT opened at $1.42 on Friday. Viomi Technology has a 12 month low of $0.66 and a 12 month high of $3.61. The company has a current ratio of 2.53, a quick ratio of 2.36 and a debt-to-equity ratio of 0.03. The company has a 50-day simple moving average of $1.20 and a 200-day simple moving average of $1.01.

Viomi Technology (NASDAQ:VIOT) last announced its quarterly earnings data on Friday, August 14th. The company reported ($0.03) earnings per share (EPS) for the quarter. The company had revenue of $54.46 million for the quarter. Sell-side analysts anticipate that Viomi Technology will post -0.09 earnings per share for the current year.

Analysts Set New Price Targets

VIOT has been the topic of a number of research analyst reports. Weiss Ratings downgraded Viomi Technology from a “hold (c)” rating to a “sell (d)” rating in a research report on Friday, October 9th. Wall Street Zen upgraded Viomi Technology to a “sell” rating in a research report on Saturday. One investment analyst has rated the stock with a Sell rating. Based on data from MarketBeat, Viomi Technology currently has an average rating of “Sell”.

Institutional Investors Weigh In On Viomi Technology

Several hedge funds have recently made changes to their positions in the business. Ramsey Quantitative Systems acquired a new position in Viomi Technology in the second quarter valued at $258,000. Bank of America Corp DE acquired a new stake in Viomi Technology in the 1st quarter worth about $34,000. Finally, Renaissance Technologies LLC boosted its stake in Viomi Technology by 110.7% in the 1st quarter. Renaissance Technologies LLC now owns 703,480 shares of the company’s stock worth $781,000 after buying an additional 369,616 shares during the last quarter. Institutional investors and hedge funds own 1.22% of the company’s stock.

About Viomi Technology

Viomi Technology Co, Ltd. is a China-based technology company that develops and sells smart home appliances and internet-connected household products. Its product portfolio has included refrigerators, washing machines, kitchen appliances, water purifiers, range hoods, water heaters, air conditioners and other home-comfort products. Many of its products are designed to connect through smart-home software and mobile applications, allowing users to monitor and control appliances remotely.

Founded in 2014 and headquartered in Foshan, Guangdong, Viomi initially grew through its relationship with Xiaomi, supplying smart household appliances for Xiaomi’s ecosystem.