Xiaomi Co. (OTCMKTS:XIACF – Get Free Report) was the target of a large decline in short interest in April. As of April 15th, there was short interest totalling 31,156,000 shares, a decline of 43.4% from the March 31st total of 55,061,800 shares. Based on an average daily trading volume, of 1,083,400 shares, the days-to-cover ratio is currently 28.8 days.
Xiaomi Stock Up 4.7 %
Shares of XIACF stock opened at $2.22 on Friday. The stock’s fifty day simple moving average is $1.90 and its 200 day simple moving average is $1.86. Xiaomi has a one year low of $1.26 and a one year high of $2.35.
Analyst Ratings Changes
Separately, Macquarie started coverage on Xiaomi in a research note on Monday, April 15th. They issued an “outperform” rating on the stock.
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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