Xiaomi Co. (OTCMKTS:XIACF – Get Free Report) was the recipient of a large drop in short interest in the month of April. As of April 15th, there was short interest totalling 31,156,000 shares, a drop of 43.4% from the March 31st total of 55,061,800 shares. Based on an average trading volume of 1,083,400 shares, the short-interest ratio is presently 28.8 days.
Xiaomi Price Performance
Shares of Xiaomi stock opened at $2.22 on Friday. Xiaomi has a 52 week low of $1.26 and a 52 week high of $2.35. The stock has a 50 day moving average price of $1.90 and a two-hundred day moving average price of $1.86.
Analyst Upgrades and Downgrades
Separately, Macquarie started coverage on Xiaomi in a research note on Monday, April 15th. They set 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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