Xiaomi Co. (OTCMKTS:XIACF) Short Interest Update

Xiaomi Co. (OTCMKTS:XIACF) was the recipient of a significant increase in short interest during the month of January. As of January 30th, there was short interest totaling 164,006,260 shares, an increase of 19.7% from the January 15th total of 136,978,391 shares. Based on an average daily volume of 108,550 shares, the days-to-cover ratio is currently 1,510.9 days. Based on an average daily volume of 108,550 shares, the days-to-cover ratio is currently 1,510.9 days.

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group downgraded Xiaomi from a “buy” rating to a “hold” rating in a research note 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. Based on data from MarketBeat, the company has an average rating of “Moderate Buy”.

Xiaomi Trading Up 2.8%

Shares of OTCMKTS:XIACF opened at $4.73 on Tuesday. The business’s fifty day moving average price is $4.88 and its two-hundred day moving average price is $5.83. Xiaomi has a one year low of $4.15 and a one year high of $9.00.

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.