Viomi Technology’s Short Interest Jumps
MarketBeat reported a substantial surge in short interest for Viomi Technology Co., Ltd (NASDAQ:VIOT) during February, according to data released on March 13, 2025. This indicates a growing bearish sentiment among investors regarding the stock.
As of February 28th, the total short interest in VIOT reached 18,600 shares. This represents a significant increase of 135.4% compared to the 7,900 shares reported on February 13th. With an average daily trading volume of 133,000 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the company’s stock is currently sold short.
Stock Performance and Financial Metrics
On Thursday, Viomi Technology’s stock opened at $2.16. The company’s financial position includes a current ratio of 1.79, a quick ratio of 1.49, and a debt-to-equity ratio of 0.07. The 50-day and 200-day moving average prices are both $1.48. Viomi Technology has a market capitalization of $147.36 million, a price-to-earnings ratio of 36.00, and a beta of 0.64. The company achieved a 1-year low of $0.50 and a 1-year high of $2.22.
Hedge Fund Activity
Several hedge funds have recently adjusted their holdings in Viomi Technology. Public Employees Retirement System of Ohio initiated a new position in the third quarter, valued at approximately $49,000. Virtu Financial LLC also acquired a new stake in the fourth quarter, valued at $26,000. Furthermore, Renaissance Technologies LLC increased its stake by 50.8% during the fourth quarter, acquiring an additional 48,400 shares. Consequently, Renaissance Technologies LLC now owns 143,764 shares of Viomi Technology, with a total value of $210,000. Institutional investors and hedge funds collectively own 1.22% of the company’s stock.
About Viomi Technology
Viomi Technology Co., Ltd. develops and sells Internet-of-things (IoT)-enabled smart home products in China. The company’s product portfolio includes smart water purification systems and various smart kitchen appliances such as refrigerators, ovens, dishwashers, and gas stoves. They also offer other smart home devices, including air conditioning systems, washing machines, water heaters, smart water kettles, sweeper robots, smart locks, and blenders.
