Viomi Technology Co., Ltd. Sponsored ADR (NASDAQ:VIOT) Short Interest Down 55.1% in December
by Teresa Graham · The Cerbat GemViomi Technology Co., Ltd. Sponsored ADR (NASDAQ:VIOT – Get Free Report) saw a significant decline in short interest in December. As of December 15th, there was short interest totaling 68,548 shares, a decline of 55.1% from the November 30th total of 152,779 shares. Currently, 0.2% of the shares of the stock are short sold. Based on an average daily trading volume, of 214,181 shares, the short-interest ratio is currently 0.3 days. Based on an average daily trading volume, of 214,181 shares, the short-interest ratio is currently 0.3 days. Currently, 0.2% of the shares of the stock are short sold.
Wall Street Analyst Weigh In
VIOT has been the subject of several research analyst reports. Weiss Ratings initiated coverage on Viomi Technology in a report on Wednesday, October 8th. They set a “sell (d+)” rating for the company. Wall Street Zen raised shares of Viomi Technology from a “hold” rating to a “buy” rating in a report on Saturday, December 13th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Viomi Technology currently has a consensus rating of “Sell”.
View Our Latest Research Report on Viomi Technology
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently bought and sold shares of the company. Acadian Asset Management LLC lifted its holdings in shares of Viomi Technology by 2.5% in the 1st quarter. Acadian Asset Management LLC now owns 696,888 shares of the company’s stock worth $1,073,000 after acquiring an additional 16,678 shares during the last quarter. JPMorgan Chase & Co. purchased a new stake in Viomi Technology in the 2nd quarter worth about $410,000. Two Sigma Investments LP purchased a new stake in Viomi Technology in the 3rd quarter worth about $525,000. Oasis Management Co Ltd. bought a new stake in Viomi Technology in the third quarter worth about $334,000. Finally, Pinpoint Asset Management Singapore Pte. Ltd. purchased a new position in shares of Viomi Technology during the third quarter valued at approximately $200,000. 1.22% of the stock is owned by hedge funds and other institutional investors.
Viomi Technology Trading Down 5.9%
Shares of VIOT stock opened at $1.92 on Friday. The company has a market cap of $130.45 million, a PE ratio of -5.19 and a beta of 0.22. Viomi Technology has a 1 year low of $1.21 and a 1 year high of $4.33. The stock’s 50 day simple moving average is $2.56 and its two-hundred day simple moving average is $2.82. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.96 and a quick ratio of 1.87.
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.