Xiaomi Co. (OTCMKTS:XIACF – Get Free Report) was the recipient of a large increase in short interest in the month of March. As of March 31st, there was short interest totalling 17,234,400 shares, an increase of 65.8% from the March 15th total of 10,392,400 shares. Based on an average daily volume of 333,500 shares, the short-interest ratio is presently 51.7 days.
Xiaomi Stock Performance
XIACF traded down $0.27 during midday trading on Thursday, hitting $5.27. 65,637 shares of the company traded hands, compared to its average volume of 176,348. The business has a 50 day simple moving average of $6.32 and a two-hundred day simple moving average of $4.74. Xiaomi has a 52-week low of $1.80 and a 52-week high of $7.92.
Wall Street Analyst Weigh In
Separately, Sanford C. Bernstein initiated coverage on Xiaomi in a research note on Tuesday. They issued an “outperform” rating for the company.
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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