Senmiao Technology Limited (NASDAQ:AIHS) Sees Large Drop in Short Interest

Senmiao Technology Limited (NASDAQ:AIHS) was the target of a large decline in short interest in the month of September. As of September 15th, there was short interest totaling 23,300 shares, a decline of 41.2% from the August 31st total of 39,600 shares. Currently, 2.4% of the shares of the company are short sold. Based on an average daily trading volume, of 3,510,000 shares, the short-interest ratio is presently 0.0 days. Based on an average daily trading volume, of 3,510,000 shares, the short-interest ratio is presently 0.0 days. Currently, 2.4% of the shares of the company are short sold.

Senmiao Technology Stock Performance

Shares of Senmiao Technology stock opened at $2.27 on Friday. The firm has a 50-day moving average of $2.38 and a 200-day moving average of $5.59. Senmiao Technology has a 52-week low of $1.84 and a 52-week high of $17.00. The stock has a market cap of $2.52 million, a PE ratio of -0.71 and a beta of 0.90.

Senmiao Technology (NASDAQ:AIHS) last issued its quarterly earnings data on Tuesday, August 19th. The company reported ($0.15) earnings per share for the quarter. The business had revenue of $0.86 million during the quarter. Senmiao Technology had a negative return on equity of 211.61% and a negative net margin of 95.43%.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Senmiao Technology in a report on Saturday, September 27th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock has an average rating of “Sell”.

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.