Xiaomi Co. (OTCMKTS:XIACF) Short Interest Update

Xiaomi Co. (OTCMKTS:XIACFGet Free Report) was the recipient of a significant growth in short interest during the month of January. As of January 30th, there was short interest totaling 164,006,260 shares, a growth of 19.7% from the January 15th total of 136,978,391 shares. Based on an average daily volume of 108,550 shares, the short-interest ratio is currently 1,510.9 days. Based on an average daily volume of 108,550 shares, the short-interest ratio is currently 1,510.9 days.

Analysts Set New Price Targets

Separately, Jefferies Financial Group downgraded Xiaomi from a “buy” rating to a “hold” rating in a report on Wednesday, December 17th. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy”.

Check Out Our Latest Stock Analysis on Xiaomi

Xiaomi Trading Up 2.8%

OTCMKTS:XIACF opened at $4.73 on Tuesday. Xiaomi has a one year low of $4.15 and a one year high of $9.00. The stock has a 50-day simple moving average of $4.88 and a 200 day simple moving average of $5.83.

About Xiaomi

(Get Free Report)

Xiaomi Corporation, founded in April 2010 by entrepreneur Lei Jun and a group of partners, is a Chinese multinational electronics company headquartered in Beijing. The company began with the launch of its proprietary MIUI operating system and quickly expanded into hardware design and manufacturing. Over the past decade, Xiaomi has established itself as one of the world’s leading smartphone vendors, focusing on delivering high-performance devices at competitive price points.

In addition to its core smartphone business, Xiaomi operates two main hardware sub-brands: Mi and Redmi.

Further Reading

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