Viomi Technology Co., Ltd (NASDAQ:VIOT) sees a significant decline in short-term interest


Viomi Technology Co., Ltd (NASDAQ:VIOTGet a rating) was the target of a sharp decline in short-term interest in June. As of June 15, there was short interest totaling 307,100 shares, down 18.1% from the May 31 total of 375,000 shares. Based on an average trading volume of 98,500 shares, the day-to-cover ratio is currently 3.1 days.

Shares of NASDAQ VIOT opened at $1.77 on Wednesday. The company has a current ratio of 1.97, a quick ratio of 1.51 and a debt ratio of 0.04. The stock has a market capitalization of $123.15 million, a PE ratio of -88.50 and a beta of 1.07. The stock’s fifty-day simple moving average is $1.60 and its two-hundred-day simple moving average is $1.82. Viomi Technology has a 12-month low of $1.14 and a 12-month high of $7.50.

Viomi technology (NASDAQ:VIOTGet a rating) last announced its results on Friday, May 27. The company reported ($0.60) earnings per share (EPS) for the quarter, missing the consensus estimate of $1.86 per ($2.46). Viomi Technology recorded a negative net margin of 0.23% and a positive return on equity of 1.74%. During the same period of the previous year, the company posted EPS of $0.13. On average, stock analysts predict that Viomi Technology will post 0.49 earnings per share for the current fiscal year.

Hedge funds and other institutional investors have recently changed their positions in the company. Acadian Asset Management LLC increased its position in Viomi Technology by 18.8% during the 4th quarter. Acadian Asset Management LLC now owns 625,253 shares of the company valued at $1,501,000 after acquiring 99,068 additional shares last quarter. Mandatum Life Insurance Co Ltd purchased a new equity stake in Viomi Technology during the 4th quarter at a value of $53,000. Marshall Wace LLP increased its holdings of Viomi Technology shares by 31.1% during the 3rd quarter. Marshall Wace LLP now owns 20,931 shares of the company valued at $96,000 after purchasing an additional 4,965 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings of Viomi Technology shares by 8.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 323,137 shares of the company valued at $563,000 after purchasing an additional 26,327 shares in the last quarter. Finally, Envestnet Asset Management Inc. increased its stake in Viomi Technology shares by 36.6% during the 1st quarter. Envestnet Asset Management Inc. now owns 82,421 shares of the company valued at $143,000 after purchasing an additional 22,104 shares in the last quarter.

Viomi Technology Company Profile (Get a rating)

Viomi Technology Co, Ltd, through its subsidiaries, develops and sells Internet of Things (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, steam ovens, dishwashers, range hoods and gas stoves; and other smart products including air conditioning systems, washing machines, water heaters, smart kettles, sweeping robots, smart locks, smart TVs and other smart appliances.

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