Senmiao Technology Limited (NASDAQ:AIHS) Short Interest Update

Senmiao Technology Limited (NASDAQ:AIHS) was the recipient of a significant decline in short interest during the month of January. As of January 31st, there was short interest totalling 309,300 shares, a decline of 8.5% from the January 15th total of 338,100 shares. Based on an average daily trading volume, of 15,100 shares, the days-to-cover ratio is currently 20.5 days. Approximately 3.3% of the shares of the stock are sold short.

Senmiao Technology Stock Performance

NASDAQ AIHS opened at $1.00 on Wednesday. The firm’s fifty day moving average price is $0.93 and its two-hundred day moving average price is $0.98. The stock has a market cap of $10.52 million, a PE ratio of -2.70 and a beta of 0.72. Senmiao Technology has a fifty-two week low of $0.62 and a fifty-two week high of $1.45.

Senmiao Technology (NASDAQ:AIHS) last posted its earnings results on Friday, February 14th. The company reported ($0.05) earnings per share for the quarter. The company had revenue of $920 billion for the quarter. Senmiao Technology had a negative return on equity of 87.11% and a negative net margin of 77.71%.

Institutional Trading of Senmiao Technology

A hedge fund recently raised its stake in Senmiao Technology stock. Virtu Financial LLC increased its holdings in Senmiao Technology Limited (NASDAQ:AIHS) by 143.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 26,047 shares of the company’s stock after purchasing an additional 15,365 shares during the quarter. Virtu Financial LLC owned approximately 0.25% of Senmiao Technology worth $31,000 at the end of the most recent reporting period. Institutional investors own 0.42% of the company’s stock.

About Senmiao Technology

Senmiao Technology Limited engages in the automobile transaction and related services business in the People's Republic of China. It operates through two segments, Automobile Transaction and Related Services, and Online Ride-Hailing Platform Services. The company offers car rental services to individual customers; and auto finance solutions through financing leases.