Xiaomi Co. (OTCMKTS:XIACF) Sees Large Drop in Short Interest

Xiaomi Co. (OTCMKTS:XIACF) saw a significant decrease in short interest in the month of August. As of August 31st, there was short interest totalling 27,627,000 shares, a decrease of 27.2% from the August 15th total of 37,936,400 shares. Based on an average trading volume of 264,200 shares, the days-to-cover ratio is currently 104.6 days.

Xiaomi Trading Up 1.8 %

Shares of OTCMKTS:XIACF opened at $2.45 on Monday. The firm’s 50 day moving average price is $2.23 and its 200-day moving average price is $2.17. Xiaomi has a twelve month low of $1.42 and a twelve month high of $2.64.

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.