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

Viomi Technology Co., Ltd (NASDAQ:VIOT) was the target of a large decrease in short interest during the month of March. As of March 31st, there was short interest totalling 6,700 shares, a decrease of 84.0% from the March 15th total of 42,000 shares. Based on an average daily volume of 147,300 shares, the short-interest ratio is presently 0.0 days.

Viomi Technology Trading Up 1.8 %

Shares of NASDAQ:VIOT opened at $0.56 on Thursday. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.80 and a quick ratio of 1.45. The firm has a 50 day simple moving average of $0.68 and a 200 day simple moving average of $0.83. Viomi Technology has a one year low of $0.50 and a one year high of $1.09.

Hedge Funds Weigh In On Viomi Technology

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Susquehanna International Group LLP acquired a new position in Viomi Technology in the 1st quarter valued at approximately $31,000. Renaissance Technologies LLC increased its position in Viomi Technology by 50.5% in the 1st quarter. Renaissance Technologies LLC now owns 65,864 shares of the company’s stock valued at $115,000 after acquiring an additional 22,100 shares during the period. Envestnet Asset Management Inc. increased its position in Viomi Technology by 36.6% in the 1st quarter. Envestnet Asset Management Inc. now owns 82,421 shares of the company’s stock valued at $143,000 after acquiring an additional 22,104 shares during the period. Finally, Dimensional Fund Advisors LP increased its position in Viomi Technology by 8.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 323,137 shares of the company’s stock valued at $563,000 after acquiring an additional 26,327 shares during the period. 1.22% of the stock is currently owned by institutional investors and hedge funds.

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.