Viomi Technology Co., Ltd. Sponsored ADR (NASDAQ:VIOT) Short Interest Update

Viomi Technology Co., Ltd. Sponsored ADR (NASDAQ:VIOT) was the recipient of a large increase in short interest during the month of August. As of August 31st, there was short interest totaling 321,300 shares, an increase of 68.8% from the August 15th total of 190,300 shares. Approximately 0.7% of the shares of the stock are short sold. Based on an average daily trading volume, of 1,030,000 shares, the days-to-cover ratio is currently 0.3 days. Based on an average daily trading volume, of 1,030,000 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.7% of the shares of the stock are short sold.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen downgraded Viomi Technology from a “buy” rating to a “hold” rating in a research report on Friday, June 27th.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Viomi Technology stock. JPMorgan Chase & Co. bought a new position in shares of Viomi Technology Co., Ltd. Sponsored ADR (NASDAQ:VIOT) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 303,531 shares of the company’s stock, valued at approximately $410,000. JPMorgan Chase & Co. owned about 0.44% of Viomi Technology as of its most recent filing with the Securities and Exchange Commission (SEC). 1.22% of the stock is currently owned by institutional investors.

Viomi Technology Trading Down 3.4%

Shares of VIOT opened at $3.42 on Tuesday. The stock’s 50-day moving average is $3.39 and its two-hundred day moving average is $2.16. The stock has a market cap of $233.32 million, a PE ratio of 57.00 and a beta of 0.22. Viomi Technology has a 12 month low of $1.21 and a 12 month high of $4.33. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.07 and a quick ratio of 1.97.

Viomi Technology Cuts Dividend

The business also recently disclosed a special dividend, which was paid on Thursday, August 21st. Shareholders of record on Thursday, July 31st were paid a dividend of $0.0293 per share. The ex-dividend date was Thursday, July 31st. Viomi Technology’s payout ratio is currently 150.00%.

About Viomi Technology

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.