Short Interest in Senmiao Technology Limited (NASDAQ:AIHS) Decreases By 44.0%

Senmiao Technology Limited (NASDAQ:AIHS) saw a significant decrease in short interest in October. As of October 15th, there was short interest totaling 40,800 shares, a decrease of 44.0% from the September 30th total of 72,900 shares. Based on an average daily volume of 3,890,000 shares, the days-to-cover ratio is presently 0.0 days. Currently, 4.1% of the shares of the company are sold short. Currently, 4.1% of the shares of the company are sold short. Based on an average daily volume of 3,890,000 shares, the days-to-cover ratio is presently 0.0 days.

Senmiao Technology Stock Performance

AIHS opened at $1.57 on Friday. Senmiao Technology has a one year low of $1.53 and a one year high of $17.00. The stock’s fifty day moving average is $2.21 and its 200-day moving average is $4.61. The company has a market capitalization of $1.74 million, a PE ratio of -1.37 and a beta of 0.90.

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

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on AIHS. Wall Street Zen upgraded shares of Senmiao Technology to a “hold” rating in a research note on Saturday, October 11th. Weiss Ratings reissued a “sell (e+)” rating on shares of Senmiao Technology in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the company has an average rating of “Sell”.

Senmiao Technology Company Profile

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.