Xiaomi Co. (OTCMKTS:XIACF – Get Free Report) was the target of a significant growth in short interest during the month of March. As of March 31st, there was short interest totalling 17,234,400 shares, a growth of 65.8% from the March 15th total of 10,392,400 shares. Based on an average trading volume of 333,500 shares, the days-to-cover ratio is presently 51.7 days.
Xiaomi Price Performance
Shares of OTCMKTS XIACF opened at $5.34 on Friday. Xiaomi has a 12-month low of $1.80 and a 12-month high of $7.92. The company’s fifty day simple moving average is $6.31 and its 200 day simple moving average is $4.77.
Analyst Upgrades and Downgrades
Separately, Sanford C. Bernstein assumed coverage on Xiaomi in a research note on Tuesday. They issued an “outperform” rating on the stock.
Xiaomi Company Profile
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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