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

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) saw a significant 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. Based on an average daily volume of 866,200 shares, the days-to-cover ratio is presently 0.3 days. Currently,0.6% of the company's stock are sold short. Currently,0.6% of the company's stock are sold short. Based on an average daily volume of 866,200 shares, the days-to-cover ratio is presently 0.3 days.

Wall Street Analyst Weigh In

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

Institutional Trading of Viomi Technology

A number of hedge funds and other institutional investors have recently modified their holdings of VIOT. Acadian Asset Management LLC increased its holdings in Viomi Technology by 2.5% during the 1st quarter. Acadian Asset Management LLC now owns 696,888 shares of the company's stock worth $1,073,000 after purchasing an additional 16,678 shares during the last quarter. Renaissance Technologies LLC raised its position 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 purchasing an additional 48,400 shares in the last quarter. Finally, JPMorgan Chase & Co. acquired a new position in shares of Viomi Technology in the 2nd quarter valued at approximately $410,000. 1.22% of the stock is owned by hedge funds and other institutional investors.

Viomi Technology Stock Up 1.7%

NASDAQ:VIOT traded up $0.06 during mid-day trading on Friday, hitting $3.67. The company had a trading volume of 656,820 shares, compared to its average volume of 713,835. The business has a fifty day simple moving average of $2.77 and a 200-day simple moving average of $1.95. The company has a current ratio of 2.07, a quick ratio of 1.97 and a debt-to-equity ratio of 0.05. Viomi Technology has a 1 year low of $1.13 and a 1 year high of $4.33. The firm has a market capitalization of $250.37 million, a price-to-earnings ratio of 61.17 and a beta of 0.18.

Viomi Technology Cuts Dividend

The firm also recently announced 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 of this dividend was Thursday, July 31st.

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.