Xiaomi Co. (OTCMKTS:XIACF – Get Free Report) saw a significant decline in short interest during the month of June. As of June 15th, there was short interest totalling 40,843,800 shares, a decline of 15.8% from the May 31st total of 48,493,400 shares. Based on an average daily trading volume, of 238,500 shares, the days-to-cover ratio is presently 171.3 days.
Xiaomi Stock Performance
Shares of OTCMKTS XIACF opened at $2.18 on Friday. The business has a fifty day simple moving average of $2.30 and a 200 day simple moving average of $2.01. Xiaomi has a one year low of $1.33 and a one year high of $2.64.
Analyst Upgrades and Downgrades
Separately, Macquarie assumed coverage on Xiaomi in a report on Monday, April 15th. They set 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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