Viomi Technology Co., Ltd (NASDAQ:VIOT) Short Interest Down 53.9% in December

Viomi Technology Co., Ltd (NASDAQ:VIOT) was the target of a significant drop in short interest in December. As of December 15th, there was short interest totalling 17,700 shares, a drop of 53.9% from the November 30th total of 38,400 shares. Based on an average daily volume of 214,500 shares, the days-to-cover ratio is currently 0.1 days.

Viomi Technology Price Performance

VIOT stock traded down $0.09 during midday trading on Friday, reaching $1.37. The company had a trading volume of 216,205 shares, compared to its average volume of 186,987. The firm has a 50-day moving average price of $1.46 and a 200-day moving average price of $1.30. The company has a market capitalization of $93.46 million, a P/E ratio of 11.42 and a beta of 0.70. Viomi Technology has a 1 year low of $0.50 and a 1 year high of $1.94. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.79 and a quick ratio of 1.49.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Viomi Technology stock. Public Employees Retirement System of Ohio acquired a new position in Viomi Technology Co., Ltd (NASDAQ:VIOT) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 31,648 shares of the company’s stock, valued at approximately $49,000. Hedge funds and other institutional investors own 1.22% of the company’s stock.

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.