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

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 target 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 volume of 781,600 shares, the days-to-cover ratio is presently 0.5 days. Based on an average daily volume of 781,600 shares, the days-to-cover ratio is presently 0.5 days.

Institutional Investors Weigh In On Viomi Technology

A hedge fund recently raised its stake in Viomi Technology stock. Acadian Asset Management LLC increased its position in shares of Viomi Technology Co., Ltd. Sponsored ADR (NASDAQ:VIOT - Free Report) by 2.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 696,888 shares of the company's stock after purchasing an additional 16,678 shares during the period. Acadian Asset Management LLC owned 1.02% of Viomi Technology worth $1,073,000 at the end of the most recent quarter. Institutional investors and hedge funds own 1.22% of the company's stock.

Viomi Technology Stock Performance

NASDAQ:VIOT opened at $3.24 on Friday. Viomi Technology has a 52 week low of $0.95 and a 52 week high of $3.95. The company has a fifty day simple moving average of $2.11 and a two-hundred day simple moving average of $1.71. 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 company has a market cap of $221.03 million, a price-to-earnings ratio of 54.00 and a beta of 0.17.

Viomi Technology Cuts Dividend

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

Wall Street Analysts Forecast Growth

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

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.

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