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 recipient of a large decrease in short interest in the month of August. As of August 15th, there was short interest totaling 190,300 shares, a decrease of 24.3% from the July 31st total of 251,500 shares. Based on an average trading volume of 985,700 shares, the days-to-cover ratio is presently 0.2 days. Based on an average trading volume of 985,700 shares, the days-to-cover ratio is presently 0.2 days.

Analyst Upgrades and Downgrades

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

Viomi Technology Trading Down 0.6%

Shares of VIOT traded down $0.02 during mid-day trading on Friday, reaching $3.54. 335,062 shares of the company were exchanged, compared to its average volume of 671,792. Viomi Technology has a 52 week low of $1.21 and a 52 week high of $4.33. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.97 and a current ratio of 2.07. The stock has a market capitalization of $241.51 million, a PE ratio of 59.00 and a beta of 0.22. The business has a 50 day simple moving average of $3.37 and a two-hundred day simple moving average of $2.14.

Viomi Technology Cuts Dividend

The business also recently disclosed a special dividend, which was paid on Thursday, August 21st. Stockholders of record on Thursday, July 31st were given a dividend of $0.0293 per share. The ex-dividend date was Thursday, July 31st. Viomi Technology's dividend payout ratio (DPR) is 150.00%.

Hedge Funds Weigh In On Viomi Technology

A hedge fund recently bought a new stake in Viomi Technology stock. JPMorgan Chase & Co. acquired a new position in shares of Viomi Technology Co., Ltd. Sponsored ADR (NASDAQ:VIOT - Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 303,531 shares of the company's stock, valued at approximately $410,000. JPMorgan Chase & Co. owned about 0.44% of Viomi Technology at the end of the most recent reporting period. 1.22% of the stock is currently owned by hedge funds and other institutional investors.

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.