Xiaomi Co. (OTCMKTS:XIACF) Short Interest Up 74.6% in August

Xiaomi Co. (OTCMKTS:XIACF) was the recipient of a significant increase in short interest in the month of August. As of August 14th, there was short interest totaling 187,838,424 shares, an increase of 74.6% from the July 30th total of 107,582,027 shares. Based on an average daily volume of 31,897 shares, the short-interest ratio is presently 5,888.9 days.

Xiaomi Stock Performance

Shares of OTCMKTS:XIACF opened at $3.50 on Wednesday. The company’s fifty day moving average is $3.37 and its 200-day moving average is $3.79. Xiaomi has a 52 week low of $2.52 and a 52 week high of $7.86.

Analysts Set New Price Targets

Separately, Jefferies Financial Group lowered Xiaomi from a “hold” rating to an “underperform” rating in a research note on Wednesday, May 27th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock has an average rating of “Sell”.

About Xiaomi

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.