Xiaomi Co. (OTCMKTS:XIACF) Short Interest Update

Xiaomi Co. (OTCMKTS:XIACF) was the recipient of a significant increase in short interest during the month of December. As of December 31st, there was short interest totaling 80,043,727 shares, an increase of 65.7% from the December 15th total of 48,308,716 shares. Based on an average daily volume of 108,612 shares, the days-to-cover ratio is currently 737.0 days. Based on an average daily volume of 108,612 shares, the days-to-cover ratio is currently 737.0 days.

Analyst Upgrades and Downgrades

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

Xiaomi Trading Up 1.8%

Shares of OTCMKTS:XIACF opened at $4.92 on Friday. The business’s fifty day moving average price is $5.20 and its two-hundred day moving average price is $6.27. Xiaomi has a one year low of $4.15 and a one year high of $9.00.

Xiaomi Company Profile

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.