Xiaomi Co. (OTCMKTS:XIACF – Get Free Report) was the recipient of a large increase in short interest in the month of December. As of December 31st, there was short interest totaling 80,043,727 shares, an increase of 65.7% from the December 15th total of 48,308,716 shares. Based on an average trading volume of 108,612 shares, the short-interest ratio is presently 737.0 days. Based on an average trading volume of 108,612 shares, the short-interest ratio is presently 737.0 days.
Wall Street Analysts Forecast Growth
Separately, Jefferies Financial Group downgraded shares of Xiaomi from a “buy” rating to a “hold” rating in a research note on Wednesday, December 17th. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy”.
Read Our Latest Analysis on Xiaomi
Xiaomi Trading Down 3.2%
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.
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