Senmiao Technology (NASDAQ:AIHS) Sees Large Volume Increase

Senmiao Technology Ltd (NASDAQ:AIHS) shares saw unusually-strong trading volume on Thursday . Approximately 963,300 shares traded hands during mid-day trading, an increase of 133% from the previous session’s volume of 413,284 shares.The stock last traded at $0.72 and had previously closed at $0.63.

Separately, ValuEngine raised Senmiao Technology from a “hold” rating to a “buy” rating in a report on Friday, November 15th.

The company has a current ratio of 3.17, a quick ratio of 2.56 and a debt-to-equity ratio of 0.05. The firm’s 50-day moving average price is $0.51 and its 200 day moving average price is $1.47.

An institutional investor recently bought a new position in Senmiao Technology stock. CVI Holdings LLC acquired a new stake in Senmiao Technology Ltd (NASDAQ:AIHS) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 398,302 shares of the company’s stock, valued at approximately $1,111,000. Senmiao Technology makes up about 1.0% of CVI Holdings LLC’s portfolio, making the stock its 19th largest position. CVI Holdings LLC owned approximately 1.44% of Senmiao Technology at the end of the most recent reporting period. 2.08% of the stock is currently owned by institutional investors and hedge funds.

About Senmiao Technology (NASDAQ:AIHS)

Senmiao Technology Limited, through its interest in Sichuan Senmiao Ronglian Technology Co, Ltd., operates an online lending platform connecting Chinese investors with individual and small- to-medium-sized enterprise borrowers in China. Its platform offers access to credit to borrowers and creditors, and investment returns for investors.

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