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 decrease in short interest during the month of August. As of August 31st, there was short interest totaling 238,059 shares, a decrease of 45.1% from the August 15th total of 433,246 shares. Based on an average daily volume of 282,790 shares, the short-interest ratio is currently 0.8 days. Currently, 0.5% of the shares of the stock are sold short.

Institutional Trading of Viomi Technology

Several large investors have recently bought and sold shares of the business. Ramsey Quantitative Systems acquired a new stake in shares of Viomi Technology in the second quarter valued at approximately $258,000. Bank of America Corp DE acquired a new position in Viomi Technology during the first quarter worth $34,000. Finally, Renaissance Technologies LLC boosted its stake in Viomi Technology by 110.7% during the first quarter. Renaissance Technologies LLC now owns 703,480 shares of the company’s stock worth $781,000 after buying an additional 369,616 shares during the last quarter. Hedge funds and other institutional investors own 1.22% of the company’s stock.

Viomi Technology Stock Performance

Shares of VIOT stock opened at $1.26 on Thursday. Viomi Technology has a fifty-two week low of $0.66 and a fifty-two week high of $3.68. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.36 and a current ratio of 2.53. The stock’s fifty day moving average is $0.89 and its two-hundred day moving average is $0.99.

Viomi Technology (NASDAQ:VIOT) last released its earnings results on Friday, August 14th. The company reported ($0.03) earnings per share (EPS) for the quarter. The firm had revenue of $54.46 million for the quarter. As a group, research analysts forecast that Viomi Technology will post -0.09 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Separately, Weiss Ratings upgraded Viomi Technology from a “sell (d)” rating to a “hold (c-)” rating in a report on Monday, August 31st. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock has a consensus rating of “Hold”.

Viomi Technology Company Profile

Viomi Technology Co, Ltd. is a China-based consumer technology company focused on smart home appliances and Internet of Things (IoT) solutions. The company develops connected products designed to work together through digital platforms, helping consumers manage household appliances and services through mobile applications and smart-home interfaces.

Its product portfolio has included refrigerators, washing machines, kitchen appliances, water purifiers, water heaters, air conditioners, televisions, and a range of smaller household appliances.