Senmiao Technology Limited (NASDAQ:AIHS) Short Interest Down 7.1% in January

Senmiao Technology Limited (NASDAQ:AIHS) was the recipient of a large drop in short interest in January. As of January 15th, there was short interest totalling 340,900 shares, a drop of 7.1% from the December 31st total of 367,000 shares. Approximately 3.7% of the shares of the stock are sold short. Based on an average daily volume of 22,500 shares, the days-to-cover ratio is presently 15.2 days.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Senmiao Technology stock. Virtu Financial LLC grew its position in Senmiao Technology Limited (NASDAQ:AIHS) by 143.8% in the third quarter, according to its most recent filing with the SEC. The fund owned 26,047 shares of the company’s stock after acquiring an additional 15,365 shares during the period. Virtu Financial LLC owned 0.25% of Senmiao Technology worth $31,000 as of its most recent filing with the SEC. 0.42% of the stock is currently owned by institutional investors.

Senmiao Technology Stock Performance

Shares of AIHS opened at $0.91 on Friday. Senmiao Technology has a 52 week low of $0.48 and a 52 week high of $1.45. The stock has a market capitalization of $9.57 million, a price-to-earnings ratio of -2.46 and a beta of 0.75. The stock has a fifty day moving average of $0.92 and a 200-day moving average of $0.98.

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.