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

Senmiao Technology Limited (NASDAQ:AIHS) was the recipient of a significant increase in short interest during the month of December. As of December 31st, there was short interest totaling 12,364 shares, an increase of 309.0% from the December 15th total of 3,023 shares. Based on an average trading volume of 31,205 shares, the short-interest ratio is presently 0.4 days. Approximately 0.4% of the shares of the company are sold short. Approximately 0.4% of the shares of the company are sold short. Based on an average trading volume of 31,205 shares, the short-interest ratio is presently 0.4 days.

Senmiao Technology Stock Performance

Shares of Senmiao Technology stock opened at $1.04 on Wednesday. The company has a market capitalization of $3.34 million, a P/E ratio of -0.96 and a beta of 0.97. Senmiao Technology has a 1 year low of $0.83 and a 1 year high of $17.00. The company’s fifty day moving average is $1.20 and its two-hundred day moving average is $1.98.

Senmiao Technology (NASDAQ:AIHS) last announced its earnings results on Wednesday, November 19th. The company reported ($0.43) earnings per share for the quarter. Senmiao Technology had a negative return on equity of 454.33% and a negative net margin of 88.60%.The business had revenue of $0.94 million for the quarter.

Analyst Upgrades and Downgrades

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

About Senmiao Technology

Senmiao Technology Ltd, incorporated in the Cayman Islands and traded on NASDAQ under the ticker AIHS, is a developer and operator of internet-based financial technology platforms in China. The company delivers a suite of integrated financial services and e-commerce solutions designed to meet the needs of small and micro enterprises as well as individual borrowers across the Chinese market.

At the core of Senmiao’s business are its micro-finance lending operations, which provide short-term, collateral-backed loans to underserved customers.