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

Viomi Technology Co., Ltd. Sponsored ADR (NASDAQ:VIOT) saw a significant decrease in short interest in 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 sold short. Based on an average daily trading volume, of 555,233 shares, the short-interest ratio is presently 0.8 days.

Viomi Technology Trading Down 2.1%

Shares of VIOT stock traded down $0.03 during trading hours on Friday, hitting $1.43. 59,538 shares of the company’s stock traded hands, compared to its average volume of 635,957. The stock’s 50 day simple moving average is $1.19 and its 200 day simple moving average is $1.01. 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 $3.61.

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

Analysts Set New Price Targets

Separately, Weiss Ratings cut Viomi Technology from a “hold (c)” rating to a “sell (d)” rating in a report on Friday, October 9th. One 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 Investors Weigh In On Viomi Technology

Several institutional investors and hedge funds have recently made changes to their positions in VIOT. Bank of America Corp DE bought a new position in shares of Viomi Technology during the first quarter worth about $34,000. Ramsey Quantitative Systems acquired a new stake in Viomi Technology during the 2nd quarter valued at approximately $258,000. Finally, Renaissance Technologies LLC increased its position in Viomi Technology by 110.7% during 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 period. Institutional investors and hedge funds own 1.22% of the company’s stock.

Viomi Technology Company Profile

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.