Xiaomi Co. (OTCMKTS:XIACF) Sees Large Decline in Short Interest

Xiaomi Co. (OTCMKTS:XIACF) was the target of a large drop in short interest in the month of April. As of April 15th, there was short interest totalling 31,156,000 shares, a drop of 43.4% from the March 31st total of 55,061,800 shares. Based on an average daily volume of 1,083,400 shares, the days-to-cover ratio is presently 28.8 days.

Analyst Ratings Changes

Separately, Macquarie started coverage on shares of Xiaomi in a research note on Monday, April 15th. They set an “outperform” rating for the company.

Xiaomi Stock Performance

XIACF opened at $2.12 on Friday. Xiaomi has a fifty-two week low of $1.26 and a fifty-two week high of $2.35. The company’s 50-day moving average is $1.89 and its 200 day moving average is $1.86.

About Xiaomi

Xiaomi Corporation, an investment holding company, provides hardware and software services in Mainland China and internationally. It operates through Smartphones, IoT and Lifestyle Products, Internet Services, and Others segments. The Smartphones segment sells smartphones. The IoT and Lifestyle Products segment offers smart TVs, laptops, AI speakers, and smart routers; various IoT and other smart hardware products; and lifestyle products.