Viomi Technology Co., Ltd (NASDAQ:VIOT) Sees Large Drop in Short Interest

Viomi Technology Co., Ltd (NASDAQ:VIOT) was the target of a large decrease in short interest in the month of February. As of February 15th, there was short interest totalling 7,900 shares, a decrease of 47.3% from the January 31st total of 15,000 shares. Based on an average daily volume of 182,800 shares, the days-to-cover ratio is presently 0.0 days.

Institutional Trading of Viomi Technology

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Virtu Financial LLC acquired a new stake in Viomi Technology during the 4th quarter valued at approximately $26,000. Public Employees Retirement System of Ohio acquired a new stake in Viomi Technology during the 3rd quarter valued at approximately $49,000. Finally, Renaissance Technologies LLC increased its position in Viomi Technology by 50.8% during the 4th quarter. Renaissance Technologies LLC now owns 143,764 shares of the company’s stock valued at $210,000 after purchasing an additional 48,400 shares during the period. Institutional investors and hedge funds own 1.22% of the company’s stock.

Viomi Technology Trading Down 3.7 %

NASDAQ:VIOT traded down $0.06 on Friday, reaching $1.56. 86,651 shares of the stock traded hands, compared to its average volume of 109,176. The firm has a market capitalization of $106.43 million, a price-to-earnings ratio of 26.00 and a beta of 0.72. The company’s 50 day moving average is $1.46 and its 200-day moving average is $1.47. The company has a current ratio of 1.79, a quick ratio of 1.49 and a debt-to-equity ratio of 0.07. Viomi Technology has a 1-year low of $0.50 and a 1-year high of $1.94.

Viomi Technology Company Profile

Viomi Technology Co, Ltd, through its subsidiaries, develops and sells Internet-of-things-enabled (IoT-enabled) smart home products in the People's Republic of China. The company offers IoT-enabled smart home products, including smart water purification systems; smart kitchen products, such as refrigerators, oven steamers, dishwashers, range hoods, and gas stoves; and other smart products comprising air conditioning systems, washing machines, water heaters, smart water kettles, sweeper robots, smart locks, and other smart devices, as well as blenders.