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

Viomi Technology Co., Ltd. Sponsored ADR (NASDAQ:VIOT) was the target of a large decline in short interest in April. As of April 30th, there was short interest totaling 39,778 shares, a decline of 79.2% from the April 15th total of 191,255 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average trading volume of 227,606 shares, the days-to-cover ratio is currently 0.2 days.

Analyst Ratings Changes

Several research firms have weighed in on VIOT. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Viomi Technology in a research report on Wednesday, January 21st. Wall Street Zen cut Viomi Technology from a “hold” rating to a “sell” rating in a research report on Saturday, April 25th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock has a consensus rating of “Sell”.

Hedge Funds Weigh In On Viomi Technology

Large investors have recently made changes to their positions in the business. Police & Firemen s Retirement System of New Jersey purchased a new position in shares of Viomi Technology during the fourth quarter valued at approximately $28,000. Jane Street Group LLC purchased a new position in shares of Viomi Technology during the fourth quarter valued at approximately $47,000. Sei Investments Co. purchased a new position in Viomi Technology in the 3rd quarter worth approximately $59,000. Virtu Financial LLC purchased a new position in Viomi Technology in the 3rd quarter worth approximately $72,000. Finally, Nomura Holdings Inc. purchased a new position in Viomi Technology in the 3rd quarter worth approximately $77,000. 1.22% of the stock is currently owned by hedge funds and other institutional investors.

Viomi Technology Stock Performance

Shares of VIOT stock traded up $0.00 during trading hours on Wednesday, hitting $0.97. 150,144 shares of the company’s stock traded hands, compared to its average volume of 299,452. The stock’s fifty day simple moving average is $1.15 and its two-hundred day simple moving average is $1.72. Viomi Technology has a 12-month low of $0.92 and a 12-month high of $4.33. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.60 and a quick ratio of 2.43.

Viomi Technology Announces Dividend

The firm also recently announced a special dividend, which was paid on Wednesday, April 15th. Stockholders of record on Monday, April 6th were issued a dividend of $0.066 per share. The ex-dividend date was Monday, April 6th.

About Viomi Technology

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.