Viomi Technology Co., Ltd. Sponsored ADR (NASDAQ:VIOT) Shares Shorted: Short Interest Up 191.3% in September

Viomi Technology Co., Ltd. Sponsored ADR (NASDAQ:VIOT) was the target of a large growth in short interest in the month of September. As of September 15th, there was short interest totaling 693,554 shares, a growth of 191.3% from the August 31st total of 238,059 shares. Currently, 1.6% of the company’s shares are sold short. Based on an average trading volume of 6,968,500 shares, the short-interest ratio is currently 0.1 days.

Wall Street Analyst Weigh In

Separately, Weiss Ratings raised shares of Viomi Technology from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company presently has an average rating of “Hold”.

Viomi Technology Stock Performance

Shares of VIOT opened at $1.35 on Friday. Viomi Technology has a 12 month low of $0.66 and a 12 month high of $3.61. The firm has a fifty day simple moving average of $0.96 and a 200 day simple moving average of $0.99. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.36 and a current ratio of 2.53.

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

Institutional Trading of Viomi Technology

Institutional investors and hedge funds have recently bought and sold shares of the stock. Ramsey Quantitative Systems acquired a new position in shares of Viomi Technology during the 2nd quarter worth approximately $258,000. Bank of America Corp DE acquired a new stake in shares of Viomi Technology in the 1st quarter valued at approximately $34,000. Finally, Renaissance Technologies LLC grew its stake in shares of Viomi Technology by 110.7% in the first quarter. Renaissance Technologies LLC now owns 703,480 shares of the company’s stock valued at $781,000 after buying an additional 369,616 shares in the last quarter. Institutional investors own 1.22% of the company’s stock.

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.