Viomi Technology Co., Ltd. Sponsored ADR (NASDAQ:VIOT) Short Interest Down 45.1% in August

Viomi Technology Co., Ltd. Sponsored ADR (NASDAQ:VIOT) was the recipient of a significant decrease in short interest in 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. Currently, 0.5% of the shares of the stock are short sold. Based on an average daily volume of 282,790 shares, the short-interest ratio is presently 0.8 days.

Hedge Funds Weigh In On Viomi Technology

Hedge funds have recently modified their holdings of the stock. Bank of America Corp DE purchased a new position in Viomi Technology during the first quarter valued at $34,000. Ramsey Quantitative Systems purchased a new stake in Viomi Technology in the 2nd quarter worth $258,000. Finally, Renaissance Technologies LLC lifted its stake in Viomi Technology by 110.7% in the 1st quarter. Renaissance Technologies LLC now owns 703,480 shares of the company’s stock worth $781,000 after purchasing an additional 369,616 shares in the last quarter. Hedge funds and other institutional investors own 1.22% of the company’s stock.

Analysts Set New Price Targets

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

Viomi Technology Stock Down 9.7%

Shares of NASDAQ:VIOT traded down $0.14 during trading on Wednesday, hitting $1.26. 2,283,264 shares of the company’s stock were exchanged, compared to its average volume of 3,760,280. 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 has a 52-week low of $0.66 and a 52-week high of $3.68. The business’s 50-day simple moving average is $0.89 and its 200 day simple moving average is $0.99.

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

About Viomi Technology

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.