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

by · The Cerbat Gem

Viomi Technology Co., Ltd (NASDAQ:VIOT – Get Free Report) was the recipient of a large decline in short interest during the month of December. As of December 15th, there was short interest totalling 17,700 shares, a decline of 53.9% from the November 30th total of 38,400 shares. Based on an average trading volume of 214,500 shares, the days-to-cover ratio is currently 0.1 days.

Viomi Technology Trading Down 6.2 %

Shares of VIOT stock traded down $0.09 on Friday, hitting $1.37. 216,205 shares of the company’s stock traded hands, compared to its average volume of 186,987. The stock has a market capitalization of $93.46 million, a price-to-earnings ratio of 11.42 and a beta of 0.70. The company’s fifty day simple moving average is $1.46 and its 200 day simple moving average is $1.30. Viomi Technology has a one year low of $0.50 and a one year high of $1.94. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.49 and a current ratio of 1.79.

Institutional Investors Weigh In On Viomi Technology

An institutional investor recently bought a new position in Viomi Technology stock. Public Employees Retirement System of Ohio purchased a new stake in shares of Viomi Technology Co., Ltd (NASDAQ:VIOT – Free Report) in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 31,648 shares of the company’s stock, valued at approximately $49,000. Institutional investors and hedge funds own 1.22% of the company’s stock.

About Viomi Technology

(Get Free Report)

Viomi Technology Co, Ltd, through its subsidiaries, develops and sells Internet-of-things-enabled (IoT-enabled) smart home products in the People's Republic of China. The company offers IoT-enabled smart home products, including smart water purification systems; smart kitchen products, such as refrigerators, oven steamers, dishwashers, range hoods, and gas stoves; and other smart products comprising air conditioning systems, washing machines, water heaters, smart water kettles, sweeper robots, smart locks, and other smart devices, as well as blenders.

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