Xiaomi Co. (OTCMKTS:XIACF) Short Interest Down 35.9% in March

Xiaomi Co. (OTCMKTS:XIACF) was the recipient of a significant decrease in short interest in the month of March. As of March 31st, there was short interest totaling 122,087,334 shares, a decrease of 35.9% from the March 15th total of 190,511,572 shares. Based on an average daily volume of 100,551 shares, the days-to-cover ratio is presently 1,214.2 days.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group downgraded shares of Xiaomi from a “buy” rating to a “hold” rating in a research note on Wednesday, December 17th. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy”.

Xiaomi Trading Up 0.2%

Xiaomi stock opened at $3.97 on Tuesday. Xiaomi has a 1-year low of $3.65 and a 1-year high of $9.00. The firm has a 50-day moving average of $4.35 and a 200-day moving average of $5.08.

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.