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 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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