Short Interest in Viomi Technology Co., Ltd. Sponsored ADR (NASDAQ:VIOT) Increases By 372.5%

Key Points

• Short interest in VIOT surged 372.5% to 195,436 shares as of March 31, equal to about 0.4% of shares outstanding and a days-to-cover ratio of 0.5.
• Analysts currently have a consensus "Sell" rating on Viomi, with Weiss Ratings reiterating a sell and Wall Street Zen downgrading the stock to a hold.
• Viomi announced a special dividend of $0.066 per share, payable April 15 with record and ex-dividend dates on April 6.

Viomi Technology Co., Ltd. Sponsored ADR (NASDAQ:VIOT - Get Free Report) was the recipient of a large growth in short interest during the month of March. As of March 31st, there was short interest totaling 195,436 shares, a growth of 372.5% from the March 15th total of 41,360 shares. Approximately 0.4% of the shares of the stock are sold short. Based on an average daily volume of 407,865 shares, the days-to-cover ratio is currently 0.5 days.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on VIOT shares. Weiss Ratings reiterated a "sell (d+)" rating on shares of Viomi Technology in a research report on Wednesday, January 21st. Wall Street Zen lowered Viomi Technology from a "buy" rating to a "hold" rating in a research report on Saturday, March 28th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Viomi Technology currently has a consensus rating of "Sell".

Viomi Technology Stock Up 3.2%

Shares of VIOT stock opened at $0.98 on Friday. Viomi Technology has a 1-year low of $0.92 and a 1-year high of $4.33. The business has a 50-day moving average of $1.29 and a 200 day moving average of $2.03. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.43 and a current ratio of 2.60.

Viomi Technology Dividend Announcement

The business also recently announced a special dividend, which will be paid on Wednesday, April 15th. Investors of record on Monday, April 6th will be issued a dividend of $0.066 per share. The ex-dividend date is Monday, April 6th.

Institutional Investors Weigh In On Viomi Technology

Several institutional investors have recently bought and sold shares of the stock. JPMorgan Chase & Co. purchased a new stake in Viomi Technology during the 2nd quarter valued at about $410,000. Barclays PLC lifted its holdings in Viomi Technology by 38.7% in the 4th quarter. Barclays PLC now owns 253,980 shares of the company's stock worth $467,000 after buying an additional 70,810 shares during the period. Two Sigma Investments LP purchased a new stake in Viomi Technology in the 3rd quarter worth approximately $525,000. Oasis Management Co Ltd. purchased a new stake in Viomi Technology in the 3rd quarter worth approximately $334,000. Finally, Dimensional Fund Advisors LP lifted its holdings in Viomi Technology by 112.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 65,057 shares of the company's stock worth $120,000 after buying an additional 34,404 shares during the period. 1.22% of the stock is currently owned by hedge funds and other institutional investors.

About Viomi Technology

Viomi Technology Co, Ltd. NASDAQ: VIOT is a China-based provider of smart home appliances and Internet of Things (IoT) solutions. The company develops, manufactures and markets a wide range of connected home products, including water purifiers, water dispensers, washing machines, refrigerators, ovens, air conditioners and kitchen appliances. By integrating hardware design with proprietary software and cloud-based services, Viomi delivers automated control, remote monitoring and data analytics to enhance user convenience, energy efficiency and home safety.

At the core of Viomi's offerings is its open IoT platform, which supports device interconnectivity and cross-brand compatibility.

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