Short Interest in Huami Corp (HMI) Grows By 73.1%

Huami Corp (NYSE:HMI) was the target of a significant increase in short interest in the month of February. As of February 28th, there was short interest totalling 890,363 shares, an increase of 73.1% from the February 15th total of 514,457 shares. Based on an average daily volume of 113,365 shares, the days-to-cover ratio is presently 7.9 days.

Shares of HMI stock traded down $0.26 during trading on Friday, hitting $9.67. 52,267 shares of the company were exchanged, compared to its average volume of 304,340. Huami has a twelve month low of $9.58 and a twelve month high of $12.62.

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Huami (NYSE:HMI) last posted its quarterly earnings results on Monday, March 26th. The company reported $0.18 EPS for the quarter, missing the consensus estimate of $0.92 by ($0.74). The company had revenue of $115.68 million for the quarter.

Separately, Credit Suisse Group started coverage on shares of Huami in a report on Monday, March 5th. They set an “outperform” rating and a $15.40 price target for the company.

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Huami Company Profile

Huami Corp is engaged in developing smart wearable technology. The Company designs and develops biometric and activity data-driven fitness and smart watches. The Company markets its products under the brand name, Amazfit and is the sole partner for Xiaomi wearable products. The Amazfit range of products includes Amazfit BIP, Amazfit pace, Amazfit equator, Amazfit ARC, and accessories, such as sports bands, watch straps, ear buds, charging units, and core trackers.

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