Xiaomi Co. (OTCMKTS:XIACF) Sees Significant Increase in Short Interest

Xiaomi Co. (OTCMKTS:XIACF) was the recipient of a significant growth in short interest in February. As of February 27th, there was short interest totaling 192,493,902 shares, a growth of 18.8% from the February 12th total of 162,021,702 shares. Based on an average trading volume of 57,853 shares, the days-to-cover ratio is presently 3,327.3 days. Based on an average trading volume of 57,853 shares, the days-to-cover ratio is presently 3,327.3 days.

Xiaomi Stock Performance

Shares of XIACF stock opened at $4.30 on Monday. Xiaomi has a 1-year low of $3.93 and a 1-year high of $9.00. The business has a 50-day moving average of $4.59 and a 200 day moving average of $5.52.

Analysts Set New Price Targets

Separately, Jefferies Financial Group cut shares of Xiaomi from a “buy” rating to a “hold” rating in a research note on Wednesday, December 17th. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy”.

About Xiaomi

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.