Huami Corp (NYSE:HMI) was the target of a large increase in short interest in the month of June. As of June 15th, there was short interest totalling 549,900 shares, an increase of 73.7% from the May 15th total of 316,500 shares. Approximately 5.7% of the shares of the company are short sold. Based on an average daily trading volume, of 403,500 shares, the short-interest ratio is presently 1.4 days.
Several hedge funds and other institutional investors have recently bought and sold shares of HMI. FIL Ltd raised its holdings in shares of Huami by 951.1% in the first quarter. FIL Ltd now owns 839,530 shares of the company’s stock valued at $10,989,000 after purchasing an additional 759,662 shares during the last quarter. Wells Fargo & Company MN boosted its position in Huami by 10.4% during the first quarter. Wells Fargo & Company MN now owns 3,552,930 shares of the company’s stock worth $46,507,000 after purchasing an additional 334,907 shares during the period. Rock Creek Group LP bought a new position in Huami during the first quarter worth $2,038,000. Boston Partners bought a new position in Huami during the first quarter worth $1,516,000. Finally, Matthews International Capital Management LLC bought a new position in Huami during the first quarter worth $1,497,000. Institutional investors own 15.28% of the company’s stock.
Shares of NYSE HMI traded up $0.04 during mid-day trading on Thursday, hitting $9.92. The company’s stock had a trading volume of 91,581 shares, compared to its average volume of 271,868. The company has a fifty day simple moving average of $9.13. Huami has a one year low of $7.27 and a one year high of $19.66. The stock has a market capitalization of $587.21 million, a PE ratio of 10.74 and a beta of 2.56.
About Huami
Huami Corporation, a biometric and activity data-driven company, develops, manufactures, and sells smart wearable technological devices in the People’s Republic of China. It operates through two segments, Xiaomi Wearable Products, and Self-Branded Products and Others. The company offers smart bands, watches, and scales; and a range of accessories, including bands, watch straps, necklaces, sportswear, etc.
