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

Xiaomi Co. (OTCMKTS:XIACF) saw a significant increase in short interest during the month of January. As of January 15th, there was short interest totaling 136,978,391 shares, an increase of 71.1% from the December 31st total of 80,043,727 shares. Based on an average daily volume of 280,098 shares, the days-to-cover ratio is currently 489.0 days. Based on an average daily volume of 280,098 shares, the days-to-cover ratio is currently 489.0 days.

Analyst Ratings Changes

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

Xiaomi Stock Performance

XIACF stock opened at $4.54 on Friday. The company’s fifty day simple moving average is $5.04 and its 200 day simple moving average is $6.05. Xiaomi has a 12-month low of $4.15 and a 12-month 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.