Senmiao Technology Limited (NASDAQ:AIHS) Sees Significant Decline in Short Interest

Senmiao Technology Limited (NASDAQ:AIHS) saw a large drop in short interest in the month of January. As of January 31st, there was short interest totalling 309,300 shares, a drop of 8.5% from the January 15th total of 338,100 shares. Currently, 3.3% of the company’s stock are short sold. Based on an average daily volume of 15,100 shares, the days-to-cover ratio is presently 20.5 days.

Institutional Investors Weigh In On Senmiao Technology

A hedge fund recently raised its stake in Senmiao Technology stock. Virtu Financial LLC grew its holdings in shares of Senmiao Technology Limited (NASDAQ:AIHS) by 143.8% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 26,047 shares of the company’s stock after buying an additional 15,365 shares during the quarter. Virtu Financial LLC owned 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.

Senmiao Technology Stock Down 1.0 %

AIHS stock opened at $0.88 on Tuesday. The firm has a market cap of $9.26 million, a PE ratio of -2.38 and a beta of 0.72. The business has a 50 day moving average of $0.93 and a 200 day moving average of $0.98. Senmiao Technology has a twelve month low of $0.62 and a twelve month high of $1.45.

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

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.