Viomi Technology Co., Ltd. Sponsored ADR (NASDAQ:VIOT) Sees Large Decline in Short Interest

Key Points

• Short interest in Viomi Technology fell sharply by 26.9% to 41,360 shares as of March 13, leaving a tiny short-interest ratio of 0.1 days and only about 0.1% of the float shorted.
• Several institutions adjusted positions in Q4 (Barclays and Quadrature increased stakes; Verdad and Jane Street initiated positions), but institutional ownership remains low at about 1.22%.
• Viomi declared a special dividend of $0.066 per share payable April 15 (record/ex-dividend April 6); the stock trades near its 12‑month low with a market cap of ~$72.7M and carries a MarketBeat consensus rating of "Sell".

Viomi Technology Co., Ltd. Sponsored ADR (NASDAQ:VIOT - Get Free Report) saw a large decrease in short interest in March. As of March 13th, there was short interest totaling 41,360 shares, a decrease of 26.9% from the February 26th total of 56,543 shares. Based on an average daily volume of 294,527 shares, the short-interest ratio is presently 0.1 days. Currently, 0.1% of the company's stock are short sold.

Hedge Funds Weigh In On Viomi Technology

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Verdad Advisers LP bought a new position in shares of Viomi Technology in the fourth quarter valued at about $97,000. Quadrature Capital Ltd lifted its stake in shares of Viomi Technology by 69.8% during the 4th quarter. Quadrature Capital Ltd now owns 63,827 shares of the company's stock worth $117,000 after buying an additional 26,241 shares during the last quarter. Barclays PLC boosted its holdings in shares of Viomi Technology by 38.7% during 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. Police & Firemen s Retirement System of New Jersey bought a new stake in shares of Viomi Technology during the 4th quarter worth about $28,000. Finally, Jane Street Group LLC acquired a new position in Viomi Technology in the 4th quarter valued at about $47,000. 1.22% of the stock is owned by institutional investors.

Viomi Technology Stock Performance

VIOT opened at $1.07 on Friday. Viomi Technology has a 12-month low of $1.05 and a 12-month high of $4.33. The stock has a market cap of $72.70 million, a price-to-earnings ratio of -5.10 and a beta of 0.32. The business has a 50 day moving average of $1.36 and a 200-day moving average of $2.19. The company has a quick ratio of 1.87, a current ratio of 2.60 and a debt-to-equity ratio of 0.03.

Viomi Technology Announces Dividend

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

Analyst Upgrades and Downgrades

VIOT has been the subject of several analyst reports. Weiss Ratings reissued a "sell (d+)" rating on shares of Viomi Technology in a research note on Wednesday, January 21st. Wall Street Zen cut shares of Viomi Technology from a "buy" rating to a "hold" rating in a research note on Saturday. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock has a consensus rating of "Sell".

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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