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

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

Viomi Technology Trading Down 6.2 %

Shares of VIOT stock traded down $0.09 on Friday, hitting $1.37. 216,205 shares of the company’s stock traded hands, compared to its average volume of 186,987. The stock has a market capitalization of $93.46 million, a price-to-earnings ratio of 11.42 and a beta of 0.70. The company’s fifty day simple moving average is $1.46 and its 200 day simple moving average is $1.30. Viomi Technology has a one year low of $0.50 and a one year high of $1.94. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.49 and a current ratio of 1.79.

Institutional Investors Weigh In On Viomi Technology

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

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.