Short Interest in Senmiao Technology Limited (NASDAQ:AIHS) Increases By 125.2%

Senmiao Technology Limited (NASDAQ:AIHS) was the target of a large growth in short interest in March. As of March 31st, there was short interest totaling 139,053 shares, a growth of 125.2% from the March 15th total of 61,756 shares. Based on an average daily trading volume, of 118,773 shares, the short-interest ratio is presently 1.2 days. Currently, 4.4% of the shares of the company are sold short.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Senmiao Technology in a report on Wednesday, January 21st. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Sell”.

Senmiao Technology Price Performance

Shares of AIHS opened at $1.22 on Friday. The firm has a market cap of $3.92 million, a P/E ratio of -1.42 and a beta of 0.98. The stock has a 50 day simple moving average of $1.32 and a two-hundred day simple moving average of $1.41. Senmiao Technology has a 1 year low of $0.83 and a 1 year high of $17.00.

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

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.