Xiaomi Co. (OTCMKTS:XIACF – Get Free Report) was the recipient of a significant decrease in short interest during the month of June. As of June 15th, there was short interest totalling 40,843,800 shares, a decrease of 15.8% from the May 31st total of 48,493,400 shares. Based on an average daily volume of 238,500 shares, the days-to-cover ratio is presently 171.3 days.
Xiaomi Price Performance
Shares of Xiaomi stock opened at $2.18 on Friday. The business has a 50 day moving average price of $2.30 and a 200-day moving average price of $2.01. Xiaomi has a 52 week low of $1.33 and a 52 week high of $2.64.
Analyst Ratings Changes
Separately, Macquarie initiated coverage on Xiaomi in a research note on Monday, April 15th. They issued an “outperform” rating for the company.
About Xiaomi
Xiaomi Corporation, an investment holding company, provides hardware and software services in Mainland China and internationally. It operates through Smartphones, IoT and Lifestyle Products, Internet Services, and Others segments. The Smartphones segment sells smartphones. The IoT and Lifestyle Products segment offers smart TVs, laptops, AI speakers, and smart routers; various IoT and other smart hardware products; and lifestyle products.
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