Short Interest in Viomi Technology Co., Ltd. Sponsored ADR (NASDAQ:VIOT) Drops By 30.0%

Key Points

• Short interest in Viomi Technology Co., Ltd. has decreased by 30.0% in July, with 251,500 shares sold short, indicating a more favorable sentiment among investors.
• Viomi Technology was dropped from a "buy" rating to a "hold" rating by analysts at Wall Street Zen on June 27th.
• The company recently announced a special dividend of $0.0293 per share, with the payment date set for August 21st.

Viomi Technology Co., Ltd. Sponsored ADR (NASDAQ:VIOT - Get Free Report) was the target of a large drop in short interest in the month of July. As of July 31st, there was short interest totaling 251,500 shares, adropof30.0% from the July 15th total of 359,100 shares. Currently,0.6% of the company's stock are sold short. Based on an average daily trading volume, of 866,200 shares, the days-to-cover ratio is currently 0.3 days. Based on an average daily trading volume, of 866,200 shares, the days-to-cover ratio is currently 0.3 days. Currently,0.6% of the company's stock are sold short.

Analyst Ratings Changes

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

Viomi Technology Price Performance

VIOT stock opened at $3.31 on Wednesday. The company has a quick ratio of 1.97, a current ratio of 2.07 and a debt-to-equity ratio of 0.05. Viomi Technology has a 52-week low of $1.13 and a 52-week high of $4.33. The stock's 50 day moving average is $2.64 and its two-hundred day moving average is $1.90. The company has a market capitalization of $225.81 million, a PE ratio of 55.17 and a beta of 0.18.

Viomi Technology Cuts Dividend

The firm also recently disclosed a special dividend, which will be paid on Thursday, August 21st. Shareholders of record on Thursday, July 31st will be issued a dividend of $0.0293 per share. The ex-dividend date is Thursday, July 31st.

Institutional Investors Weigh In On Viomi Technology

Several hedge funds and other institutional investors have recently bought and sold shares of the business. JPMorgan Chase & Co. purchased a new stake in Viomi Technology during the 2nd quarter worth approximately $410,000. Acadian Asset Management LLC increased 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 valued at $1,073,000 after acquiring an additional 16,678 shares during the last quarter. Finally, Renaissance Technologies LLC increased its holdings in shares of Viomi Technology by 50.8% in the 4th quarter. Renaissance Technologies LLC now owns 143,764 shares of the company's stock valued at $210,000 after acquiring an additional 48,400 shares during the last quarter. 1.22% of the stock is currently owned by hedge funds and other institutional investors.

Viomi Technology Company Profile

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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