Viomi Technology Co., Ltd. Sponsored ADR (NASDAQ:VIOT) Short Interest Up 68.8% in August

Key Points

• Short interest in Viomi Technology Co., Ltd. increased by 68.8% in August, rising to a total of 321,300 shares as of August 31st.
• JPMorgan Chase & Co. acquired 303,531 shares of Viomi Technology, representing about 0.44% of the company, during the second quarter.
• Viomi Technology recently announced a special dividend of $0.0293 per share, paid to shareholders of record as of July 31st.

Viomi Technology Co., Ltd. Sponsored ADR (NASDAQ:VIOT - Get Free Report) saw a large increase in short interest in the month of August. As of August 31st, there was short interest totaling 321,300 shares, an increase of 68.8% from the August 15th total of 190,300 shares. Based on an average daily trading volume, of 1,030,000 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.7% of the shares of the company are short sold. Approximately 0.7% of the shares of the company are short sold. Based on an average daily trading volume, of 1,030,000 shares, the days-to-cover ratio is currently 0.3 days.

Analysts Set New Price Targets

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

Viomi Technology Stock Performance

NASDAQ VIOT traded down $0.10 on Friday, reaching $3.28. The stock had a trading volume of 230,432 shares, compared to its average volume of 486,241. Viomi Technology has a 12-month low of $1.21 and a 12-month 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 business's 50-day moving average price is $3.43 and its 200 day moving average price is $2.19. The stock has a market cap of $223.43 million, a P/E ratio of 54.60 and a beta of 0.22.

Viomi Technology Cuts Dividend

The business also recently declared a special dividend, which was paid on Thursday, August 21st. Shareholders of record on Thursday, July 31st were issued a $0.0293 dividend. The ex-dividend date was Thursday, July 31st. Viomi Technology's dividend payout ratio is currently 150.00%.

Institutional Investors 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) during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund acquired 303,531 shares of the company's stock, valued at approximately $410,000. JPMorgan Chase & Co. owned about 0.44% of Viomi Technology as of its most recent SEC filing. Institutional investors and hedge funds 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.