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

Viomi Technology Co., Ltd. Sponsored ADR (NASDAQ:VIOT - Get Free Report) saw a large decrease in short interest in March. As of March 13th, there was short interest totaling 41,360 shares, a decrease of 26.9% from the February 26th total of 56,543 shares. Based on an average daily volume of 294,527 shares, the short-interest ratio is presently 0.1 days. Currently, 0.1% of the company's stock are short sold.Get Viomi Technology alerts:Hedge Funds Weigh In On Viomi TechnologyHedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Verdad Advisers LP bought a new position in shares of Viomi Technology in the fourth quarter valued at about $97,000. Quadrature Capital Ltd lifted its stake in shares of Viomi Technology by 69.8% during the 4th quarter. Quadrature Capital Ltd now owns 63,827 shares of the company's stock worth $117,000 after buying an additional 26,241 shares during the last quarter. Barclays PLC boosted its holdings in shares of Viomi Technology by 38.7% during the 4th quarter. Barclays PLC now owns 253,980 shares of the company's stock worth $467,000 after buying an additional 70,810 shares during the period. Police & Firemen s Retirement System of New Jersey bought a new stake in shares of Viomi Technology during the 4th quarter worth about $28,000. Finally, Jane Street Group LLC acquired a new position in Viomi Technology in the 4th quarter valued at about $47,000. 1.22% of the stock is owned by institutional investors. Viomi Technology Stock PerformanceVIOT opened at $1.07 on Friday. Viomi Technology has a 12-month low of $1.05 and a 12-month high of $4.33. The stock has a market cap of $72.70 million, a price-to-earnings ratio of -5.10 and a beta of 0.32. The business has a 50 day moving average of $1.36 and a 200-day moving average of $2.19. The company has a quick ratio of 1.87, a current ratio of 2.60 and a debt-to-equity ratio of 0.03. Viomi Technology Announces DividendThe firm also recently declared a special dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Monday, April 6th will be issued a dividend of $0.066 per share. The ex-dividend date of this dividend is Monday, April 6th. Analyst Upgrades and DowngradesVIOT has been the subject of several analyst reports. Weiss Ratings reissued a "sell (d+)" rating on shares of Viomi Technology in a research note on Wednesday, January 21st. Wall Street Zen cut shares of Viomi Technology from a "buy" rating to a "hold" rating in a research note on Saturday. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock has a consensus rating of "Sell".Read Our Latest Report on Viomi TechnologyAbout Viomi Technology (Get Free Report)Viomi Technology Co, Ltd. NASDAQ: VIOT is a China-based provider of smart home appliances and Internet of Things (IoT) solutions. The company develops, manufactures and markets a wide range of connected home products, including water purifiers, water dispensers, washing machines, refrigerators, ovens, air conditioners and kitchen appliances. By integrating hardware design with proprietary software and cloud-based services, Viomi delivers automated control, remote monitoring and data analytics to enhance user convenience, energy efficiency and home safety. At the core of Viomi's offerings is its open IoT platform, which supports device interconnectivity and cross-brand compatibility.Read MoreFive stocks we like better than Viomi TechnologyThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Viomi Technology Right Now?Before you consider Viomi Technology, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Viomi Technology wasn't on the list.While Viomi Technology currently has a Sell rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here