Short Interest in Senmiao Technology Limited (NASDAQ:AIHS) Grows By 93.3%

Senmiao Technology Limited (NASDAQ:AIHS) was the target of a large increase in short interest in the month of August. As of August 14th, there was short interest totaling 628,136 shares, an increase of 93.3% from the July 30th total of 325,030 shares. Approximately 4.3% of the shares of the stock are short sold. Based on an average trading volume of 3,592,503 shares, the short-interest ratio is presently 0.2 days.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Senmiao Technology in a report on Friday, July 17th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, Senmiao Technology has a consensus rating of “Sell”.

Senmiao Technology Price Performance

NASDAQ AIHS opened at $1.76 on Monday. The company has a market cap of $25.62 million, a P/E ratio of -4.09 and a beta of 0.90. Senmiao Technology has a 12 month low of $0.83 and a 12 month high of $8.26. The company has a 50-day moving average of $1.46 and a 200-day moving average of $1.35.

Senmiao Technology (NASDAQ:AIHS) last issued its earnings results on Friday, August 14th. The company reported $0.28 earnings per share for the quarter.

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.