Senmiao Technology Limited (NASDAQ:AIHS) Short Interest Update

Senmiao Technology Limited (NASDAQ:AIHS) was the target of a large growth in short interest in August. As of August 14th, there was short interest totaling 628,136 shares, a growth of 93.3% from the July 30th total of 325,030 shares. Approximately 4.3% of the shares of the stock are sold short. Based on an average daily trading volume, of 3,592,503 shares, the days-to-cover ratio is presently 0.2 days.

Senmiao Technology Stock Performance

Shares of Senmiao Technology stock remained flat at $1.76 during trading hours on Friday. The stock’s 50-day moving average is $1.46 and its two-hundred day moving average is $1.35. Senmiao Technology has a 1 year low of $0.83 and a 1 year high of $8.26. The stock has a market capitalization of $25.62 million, a price-to-earnings ratio of -4.09 and a beta of 0.90.

Senmiao Technology (NASDAQ:AIHS) last announced its quarterly earnings results on Friday, August 14th. The company reported $0.28 EPS for the quarter.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Senmiao Technology in a research note on Friday, July 17th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.

About Senmiao Technology

Senmiao Technology Ltd, incorporated in the Cayman Islands and traded on NASDAQ under the ticker AIHS, is a developer and operator of internet-based financial technology platforms in China. The company delivers a suite of integrated financial services and e-commerce solutions designed to meet the needs of small and micro enterprises as well as individual borrowers across the Chinese market.

At the core of Senmiao’s business are its micro-finance lending operations, which provide short-term, collateral-backed loans to underserved customers.