Short Interest in Viomi Technology Co., Ltd. Sponsored ADR (NASDAQ:VIOT) Decreases By 24.3%

Key Points

• Short interest in Viomi Technology Co., Ltd. decreased by 24.3% in August, from 251,500 shares to 190,300 shares, resulting in a short-interest ratio of only 0.2 days.
• Wall Street Zen downgraded Viomi Technology from a "buy" rating to a "hold" rating on June 27th.
• Viomi announced a special dividend of $0.0293 per share, which was paid on August 21st to investors of record on July 31st.

Viomi Technology Co., Ltd. Sponsored ADR (NASDAQ:VIOT - Get Free Report) was the target of a large drop in short interest during the month of August. As of August 15th, there was short interest totaling 190,300 shares, adropof24.3% from the July 31st total of 251,500 shares. Based on an average daily volume of 985,700 shares, the short-interest ratio is presently 0.2 days. Based on an average daily volume of 985,700 shares, the short-interest ratio is presently 0.2 days.

Wall Street Analyst Weigh In

Separately, Wall Street Zen cut Viomi Technology from a "buy" rating to a "hold" rating in a research note on Friday, June 27th.

Viomi Technology Stock Performance

Shares of VIOT opened at $3.24 on Monday. The company has a current ratio of 2.07, a quick ratio of 1.97 and a debt-to-equity ratio of 0.05. The firm's fifty day simple moving average is $3.19 and its two-hundred day simple moving average is $2.08. Viomi Technology has a 12 month low of $1.18 and a 12 month high of $4.33. The stock has a market capitalization of $221.03 million, a P/E ratio of 54.00 and a beta of 0.22.

Viomi Technology Cuts Dividend

The firm also recently announced a special dividend, which was paid on Thursday, August 21st. Investors of record on Thursday, July 31st were given a dividend of $0.0293 per share. The ex-dividend date was Thursday, July 31st.

Institutional Investors Weigh In On Viomi Technology

An institutional investor recently raised its position in Viomi Technology stock. Acadian Asset Management LLC boosted its holdings in Viomi Technology Co., Ltd. Sponsored ADR (NASDAQ:VIOT - Free Report) by 2.5% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 696,888 shares of the company's stock after purchasing an additional 16,678 shares during the quarter. Acadian Asset Management LLC owned about 1.02% of Viomi Technology worth $1,073,000 at the end of the most recent quarter. Institutional investors own 1.22% of the company's stock.

About Viomi Technology

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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