Viomi Technology Co., Ltd. Sponsored ADR (NASDAQ:VIOT) Short Interest Update

Viomi Technology Co., Ltd. Sponsored ADR (NASDAQ:VIOT) was the recipient of a large increase in short interest during the month of July. As of July 15th, there was short interest totaling 276,850 shares, an increase of 64.5% from the June 30th total of 168,278 shares. Currently, 0.6% of the shares of the company are short sold. Based on an average trading volume of 273,199 shares, the short-interest ratio is currently 1.0 days.

Viomi Technology Stock Performance

Shares of NASDAQ:VIOT opened at $0.76 on Friday. Viomi Technology has a 12 month low of $0.74 and a 12 month high of $4.33. The company’s 50-day moving average price is $0.85 and its two-hundred day moving average price is $1.10. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.60 and a quick ratio of 2.43.

Institutional Trading of Viomi Technology

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Police & Firemen s Retirement System of New Jersey acquired a new position in Viomi Technology during the 4th quarter valued at about $28,000. Sei Investments Co. bought a new stake in shares of Viomi Technology during the third quarter worth approximately $59,000. Virtu Financial LLC acquired a new position in Viomi Technology in the third quarter valued at approximately $72,000. Nomura Holdings Inc. bought a new position in Viomi Technology in the third quarter valued at approximately $77,000. Finally, Jane Street Group LLC acquired a new position in shares of Viomi Technology in the 4th quarter valued at $47,000. 1.22% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

VIOT has been the topic of several research analyst reports. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Viomi Technology in a research report on Thursday, June 18th. Wall Street Zen downgraded Viomi Technology from a “hold” rating to a “sell” rating in a research note on Saturday, April 25th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock has a consensus rating of “Sell”.

Viomi Technology Company Profile

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.