Short Interest in Viomi Technology Co., Ltd. Sponsored ADR (NASDAQ:VIOT) Grows By 860.2%

Key Points

• Viomi Technology Co., Ltd. experienced an unprecedented 860.2% increase in short interest in July, with a total of 359,100 shares compared to 37,400 shares at the end of June.
• A hedge fund, Acadian Asset Management LLC, increased its stake in Viomi Technology by 2.5% during the first quarter, now owning 696,888 shares.
• Viomi Technology announced a special dividend of $0.0293 per share, which will be paid on August 21st, with the record date of shareholders on July 31st.

Viomi Technology Co., Ltd. Sponsored ADR (NASDAQ:VIOT - Get Free Report) was the recipient of a significant increase in short interest in the month of July. As of July 15th, there was short interest totaling 359,100 shares, anincreaseof860.2% from the June 30th total of 37,400 shares. Based on an average daily trading volume, of 781,600 shares, the short-interest ratio is currently 0.5 days. Based on an average daily trading volume, of 781,600 shares, the short-interest ratio is currently 0.5 days.

Hedge Funds Weigh In On Viomi Technology

A hedge fund recently raised its stake in Viomi Technology stock. Acadian Asset Management LLC boosted its position in shares of Viomi Technology Co., Ltd. Sponsored ADR (NASDAQ:VIOT - Free Report) by 2.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 696,888 shares of the company's stock after buying an additional 16,678 shares during the period. Acadian Asset Management LLC owned 1.02% of Viomi Technology worth $1,073,000 as of its most recent SEC filing. 1.22% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Viomi Technology Price Performance

Shares of VIOT stock traded up $0.08 during trading hours on Tuesday, hitting $3.57. 434,627 shares of the company's stock were exchanged, compared to its average volume of 466,616. The firm has a 50 day moving average of $2.15 and a two-hundred day moving average of $1.73. Viomi Technology has a fifty-two week low of $0.98 and a fifty-two week high of $3.95. The company has a quick ratio of 1.97, a current ratio of 2.07 and a debt-to-equity ratio of 0.05. The firm has a market cap of $243.48 million, a P/E ratio of 58.98 and a beta of 0.18.

Viomi Technology Cuts Dividend

The business also recently announced a special dividend, which will be paid on Thursday, August 21st. Shareholders of record on Thursday, July 31st will be issued a $0.0293 dividend. The ex-dividend date is 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.