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

Viomi Technology Co., Ltd. Sponsored ADR (NASDAQ:VIOT) was the recipient of a significant growth in short interest in July. As of July 15th, there was short interest totaling 276,850 shares, a growth of 64.5% from the June 30th total of 168,278 shares. Approximately 0.6% of the company’s stock are sold short. Based on an average daily volume of 273,199 shares, the short-interest ratio is currently 1.0 days.

Hedge Funds Weigh In On Viomi Technology

A number of institutional investors and hedge funds have recently added to or reduced their stakes in VIOT. Renaissance Technologies LLC raised its position in Viomi Technology by 110.7% in the 1st quarter. Renaissance Technologies LLC now owns 703,480 shares of the company’s stock worth $781,000 after purchasing an additional 369,616 shares during the last quarter. Ramsey Quantitative Systems bought a new position in Viomi Technology in the 2nd quarter valued at $258,000. JPMorgan Chase & Co. bought a new position in Viomi Technology in the 2nd quarter valued at $410,000. Two Sigma Investments LP acquired a new stake in shares of Viomi Technology in the 3rd quarter valued at $525,000. Finally, Barclays PLC increased its stake in shares of Viomi Technology by 38.7% in the 4th quarter. Barclays PLC now owns 253,980 shares of the company’s stock valued at $467,000 after buying an additional 70,810 shares during the period. 1.22% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on VIOT shares. Wall Street Zen lowered shares of Viomi Technology from a “hold” rating to a “sell” rating in a research report on Saturday, April 25th. Weiss Ratings restated a “sell (d)” rating on shares of Viomi Technology in a research note on Thursday, June 18th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock has a consensus rating of “Sell”.

Viomi Technology Trading Up 1.9%

Shares of NASDAQ:VIOT opened at $0.77 on Friday. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.60 and a quick ratio of 2.43. Viomi Technology has a 1-year low of $0.74 and a 1-year high of $4.33. The business’s 50 day moving average is $0.85 and its 200-day moving average is $1.09.

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.