Senmiao Technology Limited (NASDAQ:AIHS) Short Interest Update

Senmiao Technology Limited (NASDAQ:AIHS) was the target of a large growth in short interest in the month of September. As of September 30th, there was short interest totalling 647,400 shares, a growth of 2,829.4% from the September 15th total of 22,100 shares. Based on an average daily volume of 1,710,000 shares, the days-to-cover ratio is presently 0.4 days. Currently, 1.5% of the company’s shares are short sold.

A number of large investors have recently modified their holdings of the business. Morgan Stanley bought a new position in Senmiao Technology during the 2nd quarter valued at $31,000. Axiom Investment Management LLC bought a new position in Senmiao Technology during the 1st quarter valued at $42,000. CIBC Private Wealth Group LLC increased its position in shares of Senmiao Technology by 78.7% during the 2nd quarter. CIBC Private Wealth Group LLC now owns 139,403 shares of the company’s stock valued at $146,000 after purchasing an additional 61,413 shares during the last quarter. HRT Financial LP purchased a new stake in shares of Senmiao Technology during the 1st quarter valued at $171,000. Finally, Renaissance Technologies LLC increased its position in shares of Senmiao Technology by 423.3% during the 2nd quarter. Renaissance Technologies LLC now owns 174,700 shares of the company’s stock valued at $183,000 after purchasing an additional 141,315 shares during the last quarter. Institutional investors and hedge funds own 1.20% of the company’s stock.

Senmiao Technology stock opened at $0.64 on Thursday. The stock has a market capitalization of $35.71 million, a price-to-earnings ratio of -2.01 and a beta of 0.12. Senmiao Technology has a 52-week low of $0.50 and a 52-week high of $2.32. The stock’s 50 day moving average price is $0.63 and its two-hundred day moving average price is $0.88. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.46 and a current ratio of 0.47.

Senmiao Technology (NASDAQ:AIHS) last posted its quarterly earnings results on Monday, August 16th. The company reported ($0.12) earnings per share (EPS) for the quarter. Senmiao Technology had a negative return on equity of 1,608.66% and a negative net margin of 213.13%. The business had revenue of $1.85 million for the quarter.

Senmiao Technology Company Profile

Senmiao Technology Ltd. is a holding company, which facilitate automobile transaction and related services focusing on the ride-hailing industry. It provides auto finance solutions through financing leases, car rental services to individual customers to meet their personal needs. The company was founded in May 2014 and is headquartered in Chengdu, China.

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