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

Senmiao Technology Limited (NASDAQ:AIHS) saw a large growth in short interest during the month of 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 days-to-cover ratio is presently 1.8 days. Approximately 2.0% of the shares of the company are short sold. Approximately 2.0% of the shares of the company are short sold. Based on an average daily trading volume, of 34,967 shares, the days-to-cover ratio is presently 1.8 days.

Senmiao Technology Stock Down 2.0%

Shares of AIHS opened at $1.48 on Wednesday. The company has a market capitalization of $4.75 million, a price-to-earnings ratio of -1.72 and a beta of 1.01. Senmiao Technology has a 52 week low of $0.83 and a 52 week high of $17.00. The stock’s 50-day moving average price is $1.29 and its 200-day moving average price is $1.50.

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

Analyst Ratings Changes

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