Senmiao Technology Limited (NASDAQ:AIHS) Short Interest Update

Senmiao Technology Limited (NASDAQ:AIHS) saw a large growth in short interest in March. As of March 13th, there was short interest totaling 61,756 shares, a growth of 858.6% from the February 26th total of 6,442 shares. Based on an average daily trading volume, of 34,967 shares, the short-interest ratio is presently 1.8 days. Approximately 2.0% of the shares of the stock are sold short.

Senmiao Technology Stock Up 18.2%

Shares of Senmiao Technology stock opened at $1.75 on Thursday. Senmiao Technology has a 12 month low of $0.83 and a 12 month high of $17.00. The stock has a market cap of $5.62 million, a PE ratio of -2.03 and a beta of 1.01. The business has a fifty day simple moving average of $1.30 and a 200-day simple moving average of $1.50.

Senmiao Technology (NASDAQ:AIHS) last announced its quarterly earnings data on Friday, February 13th. The company reported ($0.28) earnings per share (EPS) for the quarter. Senmiao Technology had a negative return on equity of 368.21% and a negative net margin of 104.56%.The business had revenue of $0.36 million during the quarter.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed 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.com, the company has a consensus rating of “Sell”.

Senmiao Technology Company Profile

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.