Senmiao Technology Limited (NASDAQ:AIHS) Short Interest Up 88.9% in January

Senmiao Technology Limited (NASDAQ:AIHS) was the recipient of a large growth in short interest in the month of January. As of January 30th, there was short interest totaling 5,322 shares, a growth of 88.9% from the January 15th total of 2,817 shares. Approximately 0.2% of the company’s shares are short sold. Based on an average daily trading volume, of 45,346 shares, the days-to-cover ratio is presently 0.1 days. Based on an average daily trading volume, of 45,346 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.2% of the company’s shares are short sold.

Senmiao Technology Stock Up 1.7%

AIHS stock opened at $1.17 on Friday. The firm has a market cap of $3.76 million, a price-to-earnings ratio of -1.08 and a beta of 1.05. The company’s fifty day simple moving average is $1.16 and its 200 day simple moving average is $1.71. Senmiao Technology has a 12-month low of $0.83 and a 12-month high of $17.00.

Senmiao Technology (NASDAQ:AIHS) last posted its quarterly earnings data 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 during the quarter.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Senmiao Technology in a research note on Wednesday, January 21st. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock 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.