Viomi Technology Co., Ltd. Sponsored ADR (NASDAQ:VIOT) Short Interest Update

Key Points

• Short interest fell 45.1% in August to 238,059 shares as of August 31, representing 0.5% of outstanding shares and 0.8 days to cover.
• Institutional ownership remains limited at 1.22%, although Renaissance Technologies increased its position by 110.7% to 703,480 shares.
• Viomi reported a quarterly loss of $0.03 per share on $54.46 million in revenue, while its stock traded at $1.40; Weiss Ratings upgraded the shares to “hold,” matching the broader analyst consensus.

Viomi Technology Co., Ltd. Sponsored ADR (NASDAQ:VIOT - Get Free Report) was the recipient of a significant drop in short interest during the month of August. As of August 31st, there was short interest totaling 238,059 shares, a drop of 45.1% from the August 15th total of 433,246 shares. Based on an average daily trading volume, of 282,790 shares, the days-to-cover ratio is currently 0.8 days. Currently, 0.5% of the shares of the company are short sold.

Institutional Investors Weigh In On Viomi Technology

A number of institutional investors have recently modified their holdings of the business. Bank of America Corp DE acquired a new stake in Viomi Technology in the 1st quarter valued at approximately $34,000. Ramsey Quantitative Systems acquired a new stake in Viomi Technology in the 2nd quarter valued at about $258,000. Finally, Renaissance Technologies LLC boosted its holdings in Viomi Technology by 110.7% during the first quarter. Renaissance Technologies LLC now owns 703,480 shares of the company's stock worth $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 Price Performance

Viomi Technology stock traded up $0.04 during trading on Tuesday, reaching $1.40. The company had a trading volume of 2,033,300 shares, compared to its average volume of 647,192. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.53 and a quick ratio of 2.36. The stock's 50 day moving average price is $0.87 and its two-hundred day moving average price is $0.99. Viomi Technology has a 12-month low of $0.66 and a 12-month high of $3.68.

Viomi Technology (NASDAQ:VIOT - Get Free Report) 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 for the quarter. As a group, sell-side analysts forecast that Viomi Technology will post -0.09 earnings per share for the current year.

Analyst Ratings Changes

Separately, Weiss Ratings upgraded Viomi Technology from a "sell (d)" rating to a "hold (c-)" rating in a research report on Monday, August 31st. One analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company has an average rating of "Hold".

About Viomi Technology

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.

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