Xiaomi Co. (OTCMKTS:XIACF – Get Free Report) was the target of a large 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 volume of 238,500 shares, the short-interest ratio is presently 171.3 days.
Wall Street Analysts Forecast Growth
Separately, Macquarie initiated coverage on Xiaomi in a report on Monday, April 15th. They issued an “outperform” rating on the stock.
Read Our Latest Analysis on XIACF
Xiaomi Stock Up 2.3 %
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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