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

Xiaomi Co. (OTCMKTS:XIACF) was the recipient of a large increase in short interest in January. As of January 30th, there was short interest totaling 164,006,260 shares, an increase of 19.7% from the January 15th total of 136,978,391 shares. Based on an average daily trading volume, of 108,550 shares, the short-interest ratio is currently 1,510.9 days. Based on an average daily trading volume, of 108,550 shares, the short-interest ratio is currently 1,510.9 days.

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group cut shares of Xiaomi from a “buy” rating to a “hold” rating in a research note on Wednesday, December 17th. One 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 presently has an average rating of “Moderate Buy”.

Xiaomi Stock Down 0.5%

XIACF opened at $4.72 on Thursday. The company has a fifty day moving average of $4.86 and a 200 day moving average of $5.81. Xiaomi has a fifty-two week low of $4.15 and a fifty-two week high of $9.00.

About Xiaomi

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.