Short Interest in Senmiao Technology Limited (NASDAQ:AIHS) Declines By 8.5%

Senmiao Technology Limited (NASDAQ:AIHS) was the recipient of a significant decrease in short interest in January. As of January 31st, there was short interest totalling 309,300 shares, a decrease of 8.5% from the January 15th total of 338,100 shares. Based on an average trading volume of 15,100 shares, the days-to-cover ratio is presently 20.5 days. Approximately 3.3% of the shares of the stock are short sold.

Institutional Trading of Senmiao Technology

A hedge fund recently raised its stake in Senmiao Technology stock. Virtu Financial LLC grew its holdings in Senmiao Technology Limited (NASDAQ:AIHS) by 143.8% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 26,047 shares of the company’s stock after buying an additional 15,365 shares during the quarter. Virtu Financial LLC owned approximately 0.25% of Senmiao Technology worth $31,000 at the end of the most recent reporting period. 0.42% of the stock is currently owned by institutional investors.

Senmiao Technology Price Performance

Senmiao Technology stock opened at $0.88 on Monday. The stock has a fifty day moving average price of $0.93 and a two-hundred day moving average price of $0.98. Senmiao Technology has a 52-week low of $0.62 and a 52-week high of $1.45. The firm has a market capitalization of $9.26 million, a P/E ratio of -2.38 and a beta of 0.72.

Senmiao Technology (NASDAQ:AIHS) last released its quarterly earnings data on Friday, February 14th. The company reported ($0.05) earnings per share (EPS) for the quarter. Senmiao Technology had a negative return on equity of 87.11% and a negative net margin of 77.71%. The company had revenue of $920 billion for the quarter.

About Senmiao Technology

Senmiao Technology Limited engages in the automobile transaction and related services business in the People's Republic of China. It operates through two segments, Automobile Transaction and Related Services, and Online Ride-Hailing Platform Services. The company offers car rental services to individual customers; and auto finance solutions through financing leases.