Short Interest in Xiaomi Co. (OTCMKTS:XIACF) Increases By 44.1%

Xiaomi Co. (OTCMKTS:XIACF) was the recipient of a significant increase in short interest during the month of April. As of April 15th, there was short interest totaling 175,914,896 shares, an increase of 44.1% from the March 31st total of 122,087,334 shares. Based on an average daily volume of 121,014 shares, the days-to-cover ratio is presently 1,453.7 days.

Xiaomi Stock Performance

Shares of OTCMKTS:XIACF opened at $3.95 on Tuesday. Xiaomi has a 52-week low of $3.65 and a 52-week high of $9.00. The business has a 50-day moving average price of $4.25 and a 200-day moving average price of $4.87.

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.