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

Senmiao Technology Limited (NASDAQ:AIHS) was the recipient of a significant decrease in short interest during the month of January. As of January 15th, there was short interest totalling 340,900 shares, a decrease of 7.1% from the December 31st total of 367,000 shares. Currently, 3.7% of the company’s stock are sold short. Based on an average daily trading volume, of 22,500 shares, the days-to-cover ratio is currently 15.2 days.

Senmiao Technology Trading Up 1.1 %

Shares of NASDAQ:AIHS traded up $0.01 during midday trading on Friday, hitting $0.91. The company’s stock had a trading volume of 9,443 shares, compared to its average volume of 18,915. The stock’s 50 day simple moving average is $0.92 and its 200 day simple moving average is $0.98. Senmiao Technology has a fifty-two week low of $0.48 and a fifty-two week high of $1.45.

Institutional Investors Weigh In On Senmiao Technology

An institutional investor recently raised its position in Senmiao Technology stock. Virtu Financial LLC grew its holdings in Senmiao Technology Limited (NASDAQ:AIHS) by 143.8% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 26,047 shares of the company’s stock after purchasing an additional 15,365 shares during the quarter. Virtu Financial LLC owned about 0.25% of Senmiao Technology worth $31,000 as of its most recent filing with the SEC. Hedge funds and other institutional investors own 0.42% of the company’s stock.

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.