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

Senmiao Technology Limited (NASDAQ:AIHS) was the recipient of a large decline in short interest in October. As of October 15th, there was short interest totaling 40,800 shares, a decline of 44.0% from the September 30th total of 72,900 shares. Based on an average daily volume of 3,890,000 shares, the days-to-cover ratio is currently 0.0 days. Currently, 4.1% of the company’s stock are sold short. Currently, 4.1% of the company’s stock are sold short. Based on an average daily volume of 3,890,000 shares, the days-to-cover ratio is currently 0.0 days.

Senmiao Technology Stock Performance

AIHS opened at $1.57 on Friday. Senmiao Technology has a one year low of $1.53 and a one year high of $17.00. The company has a market cap of $1.74 million, a P/E ratio of -1.37 and a beta of 0.90. The business’s 50-day simple moving average is $2.21 and its 200-day simple moving average is $4.58.

Senmiao Technology (NASDAQ:AIHS) last released its quarterly earnings data on Tuesday, August 19th. The company reported ($0.15) EPS for the quarter. Senmiao Technology had a negative net margin of 95.43% and a negative return on equity of 211.61%. The business had revenue of $0.86 million during the quarter.

Analysts Set New Price Targets

Several research analysts recently commented on AIHS shares. Wall Street Zen raised Senmiao Technology to a “hold” rating in a research note on Saturday, October 11th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Senmiao Technology in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Senmiao Technology currently has a consensus rating of “Sell”.

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.