Viomi Technology Co., Ltd. Sponsored ADR (NASDAQ:VIOT) Sees Large Decrease in Short Interest

Viomi Technology Co., Ltd. Sponsored ADR (NASDAQ:VIOT) was the recipient of a large drop in short interest during the month of May. As of May 15th, there was short interest totaling 14,756 shares, a drop of 62.9% from the April 30th total of 39,778 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average trading volume of 152,079 shares, the days-to-cover ratio is currently 0.1 days.

Viomi Technology Trading Up 1.3%

NASDAQ VIOT traded up $0.01 during trading on Friday, reaching $0.97. 476,046 shares of the company’s stock traded hands, compared to its average volume of 184,240. The company has a current ratio of 2.60, a quick ratio of 2.43 and a debt-to-equity ratio of 0.03. The company’s 50 day simple moving average is $1.04 and its two-hundred day simple moving average is $1.54. Viomi Technology has a 12-month low of $0.87 and a 12-month high of $4.33.

Viomi Technology Announces Dividend

The firm also recently announced a special dividend, which was paid on Wednesday, April 15th. Shareholders of record on Monday, April 6th were given a dividend of $0.066 per share. The ex-dividend date of this dividend was Monday, April 6th.

Analyst Ratings Changes

Separately, Wall Street Zen downgraded shares of Viomi Technology from a “hold” rating to a “sell” rating in a research note on Saturday, April 25th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company presently has a consensus rating of “Sell”.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in VIOT. Renaissance Technologies LLC increased its position in Viomi Technology by 110.7% during the 1st quarter. Renaissance Technologies LLC now owns 703,480 shares of the company’s stock valued at $781,000 after purchasing an additional 369,616 shares during the period. JPMorgan Chase & Co. purchased a new position in Viomi Technology during the 2nd quarter valued at about $410,000. Two Sigma Investments LP purchased a new position in Viomi Technology during the 3rd quarter valued at about $525,000. Oasis Management Co Ltd. purchased a new position in shares of Viomi Technology in the 3rd quarter worth approximately $334,000. Finally, Barclays PLC grew its position in shares of Viomi Technology by 38.7% in the 4th quarter. Barclays PLC now owns 253,980 shares of the company’s stock worth $467,000 after buying an additional 70,810 shares during the last quarter. Hedge funds and other institutional investors own 1.22% of the company’s stock.

Viomi Technology Company Profile

Viomi Technology Co, Ltd. (NASDAQ: VIOT) is a China-based provider of smart home appliances and Internet of Things (IoT) solutions. The company develops, manufactures and markets a wide range of connected home products, including water purifiers, water dispensers, washing machines, refrigerators, ovens, air conditioners and kitchen appliances. By integrating hardware design with proprietary software and cloud-based services, Viomi delivers automated control, remote monitoring and data analytics to enhance user convenience, energy efficiency and home safety.

At the core of Viomi’s offerings is its open IoT platform, which supports device interconnectivity and cross-brand compatibility.