Xiaomi Co. (OTCMKTS:XIACF) Short Interest Update

Xiaomi Co. (OTCMKTS:XIACF) was the recipient of a large increase in short interest during 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 daily trading volume, of 31,897 shares, the short-interest ratio is currently 5,888.9 days.

Analyst Upgrades and Downgrades

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

Xiaomi Stock Performance

Shares of OTCMKTS:XIACF opened at $3.54 on Monday. The business has a 50 day simple moving average of $3.35 and a two-hundred day simple moving average of $3.80. Xiaomi has a 1 year low of $2.52 and a 1 year high of $7.86.

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.