Xiaomi Co. (OTCMKTS:XIACF) Sees Large Growth in Short Interest

Xiaomi Co. (OTCMKTS:XIACF) was the target of a large increase in short interest during the month of February. As of February 27th, there was short interest totaling 192,493,902 shares, an increase of 18.8% from the February 12th total of 162,021,702 shares. Based on an average daily trading volume, of 57,853 shares, the short-interest ratio is currently 3,327.3 days. Based on an average daily trading volume, of 57,853 shares, the short-interest ratio is currently 3,327.3 days.

Xiaomi Trading Up 3.1%

Shares of Xiaomi stock opened at $4.51 on Tuesday. Xiaomi has a 12-month low of $3.93 and a 12-month high of $9.00. The firm’s 50-day moving average price is $4.58 and its two-hundred day moving average price is $5.50.

Analyst Ratings Changes

Separately, Jefferies Financial Group cut Xiaomi from a “buy” rating to a “hold” rating in a report on Wednesday, December 17th. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy”.

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.