Xiaomi Co. (OTCMKTS:XIACF) Short Interest Update

Xiaomi Co. (OTCMKTS:XIACF) saw a significant increase in short interest in the month of August. As of August 14th, there was short interest totaling 187,838,424 shares, an increase of 74.6% from the July 30th total of 107,582,027 shares. Based on an average trading volume of 31,897 shares, the days-to-cover ratio is currently 5,888.9 days.

Xiaomi Price Performance

OTCMKTS XIACF opened at $3.54 on Monday. Xiaomi has a 52 week low of $2.52 and a 52 week high of $7.86. The stock’s 50-day moving average price is $3.35 and its 200-day moving average price is $3.80.

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group downgraded Xiaomi from a “hold” rating to an “underperform” rating in a research note on Wednesday, May 27th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock presently has a consensus rating of “Sell”.

Xiaomi Company Profile

Xiaomi Corporation, founded in April 2010 by entrepreneur Lei Jun and a group of partners, is a Chinese multinational electronics company headquartered in Beijing. The company began with the launch of its proprietary MIUI operating system and quickly expanded into hardware design and manufacturing. Over the past decade, Xiaomi has established itself as one of the world’s leading smartphone vendors, focusing on delivering high-performance devices at competitive price points.

In addition to its core smartphone business, Xiaomi operates two main hardware sub-brands: Mi and Redmi.