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

Senmiao Technology Limited (NASDAQ:AIHS – Get Rating) was the recipient of a significant increase in short interest in the month of April. As of April 30th, there was short interest totalling 172,500 shares, an increase of 52.4% from the April 15th total of 113,200 shares. Based on an average trading volume of 96,400 shares, the short-interest ratio is presently 1.8 days. Approximately 3.5% of the shares of the stock are short sold.

An institutional investor recently bought a new position in Senmiao Technology stock. Morgan Stanley acquired a new position in Senmiao Technology Limited (NASDAQ:AIHS – Get Rating) in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 29,470 shares of the company’s stock, valued at approximately $31,000. Morgan Stanley owned 0.05% of Senmiao Technology as of its most recent SEC filing.

NASDAQ AIHS opened at $1.03 on Friday. The firm has a market cap of $6.37 million, a price-to-earnings ratio of -0.57 and a beta of 0.66. The business has a 50-day moving average price of $2.17 and a 200-day moving average price of $3.56. Senmiao Technology has a twelve month low of $0.93 and a twelve month high of $13.50.

Senmiao Technology Company Profile (Get Rating)

Senmiao Technology Limited engages in the automobile transaction and related services business in the People's Republic of China. Its services include the facilitation of automobile transaction and financing, connecting ride-hailing drivers to financial institutions to buy, or get financing on the purchase of, cars to be used to provide online ride-hailing services.

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