Viomi Technology Co., Ltd (NASDAQ:VIOT – Get Free Report) was the target of a significant decrease in short interest in the month of August. As of August 31st, there was short interest totalling 2,600 shares, a decrease of 65.8% from the August 15th total of 7,600 shares. Based on an average daily volume of 48,700 shares, the days-to-cover ratio is presently 0.1 days.
Institutional Inflows and Outflows
A number of hedge funds have recently added to or reduced their stakes in VIOT. Susquehanna International Group LLP bought a new position in Viomi Technology in the first quarter valued at about $31,000. Renaissance Technologies LLC grew its holdings in shares of Viomi Technology by 50.5% during the 1st quarter. Renaissance Technologies LLC now owns 65,864 shares of the company’s stock valued at $115,000 after purchasing an additional 22,100 shares during the last quarter. Envestnet Asset Management Inc. grew its holdings in shares of Viomi Technology by 36.6% during the 1st quarter. Envestnet Asset Management Inc. now owns 82,421 shares of the company’s stock valued at $143,000 after purchasing an additional 22,104 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its position in Viomi Technology by 8.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 323,137 shares of the company’s stock worth $563,000 after purchasing an additional 26,327 shares in the last quarter. 1.46% of the stock is owned by institutional investors.
Viomi Technology Price Performance
VIOT stock opened at $0.88 on Thursday. The company’s 50-day moving average price is $0.93 and its two-hundred day moving average price is $0.93. The firm has a market cap of $60.84 million, a P/E ratio of -1.59 and a beta of 0.95. The company has a quick ratio of 1.46, a current ratio of 1.83 and a debt-to-equity ratio of 0.09. Viomi Technology has a 12 month low of $0.70 and a 12 month high of $1.60.
About Viomi Technology
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.
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