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

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) was the target of a large growth in short interest in the month of August. As of August 31st, there was short interest totaling 321,300 shares, a growth of 68.8% from the August 15th total of 190,300 shares. Currently, 0.7% of the company's shares are sold short. Based on an average daily trading volume, of 1,030,000 shares, the days-to-cover ratio is currently 0.3 days. Based on an average daily trading volume, of 1,030,000 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.7% of the company's shares are sold short.

Analysts Set New Price Targets

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

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Viomi Technology stock. JPMorgan Chase & Co. acquired a new stake in Viomi Technology Co., Ltd. Sponsored ADR (NASDAQ:VIOT - Free Report) during the 2nd quarter, according to its most recent Form 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 0.44% of Viomi Technology at the end of the most recent reporting period. Hedge funds and other institutional investors own 1.22% of the company's stock.

Viomi Technology Trading Down 0.6%

NASDAQ:VIOT opened at $3.54 on Monday. The business's 50-day moving average is $3.37 and its two-hundred day moving average is $2.15. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.07 and a quick ratio of 1.97. Viomi Technology has a 12 month low of $1.21 and a 12 month high of $4.33. The firm has a market capitalization of $241.50 million, a PE ratio of 59.00 and a beta of 0.22.

Viomi Technology Cuts Dividend

The business also recently disclosed a special dividend, which was paid on Thursday, August 21st. Shareholders of record on Thursday, July 31st were given a $0.0293 dividend. The ex-dividend date of this dividend was Thursday, July 31st.

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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