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

Senmiao Technology Limited (NASDAQ:AIHS) saw a large growth in short interest in August. As of August 31st, there was short interest totalling 438,500 shares, a growth of 11.3% from the August 15th total of 394,000 shares. Based on an average daily volume of 59,000 shares, the short-interest ratio is currently 7.4 days. Currently, 4.7% of the shares of the company are sold short.

Senmiao Technology Trading Down 1.9 %

Shares of Senmiao Technology stock opened at $1.27 on Tuesday. The firm’s 50 day simple moving average is $1.04 and its two-hundred day simple moving average is $0.95. The firm has a market capitalization of $13.31 million, a price-to-earnings ratio of -3.09 and a beta of 0.96. Senmiao Technology has a 12-month low of $0.20 and a 12-month high of $1.45. The company has a current ratio of 0.41, a quick ratio of 0.41 and a debt-to-equity ratio of 0.03.

Senmiao Technology (NASDAQ:AIHS) last released its earnings results on Wednesday, August 14th. The company reported ($0.06) earnings per share (EPS) for the quarter. The firm had revenue of $1.12 million during the quarter. Senmiao Technology had a negative net margin of 67.01% and a negative return on equity of 81.03%.

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.