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

Senmiao Technology Limited (NASDAQ:AIHS) saw a large increase in short interest during the month of August. As of August 31st, there was short interest totalling 438,500 shares, an increase of 11.3% from the August 15th total of 394,000 shares. Based on an average daily volume of 59,000 shares, the short-interest ratio is presently 7.4 days. Currently, 4.7% of the company’s stock are short sold.

Senmiao Technology Price Performance

Senmiao Technology stock opened at $1.23 on Wednesday. The company has a current ratio of 0.41, a quick ratio of 0.41 and a debt-to-equity ratio of 0.03. The company has a fifty day simple moving average of $1.04 and a 200-day simple moving average of $0.95. The stock has a market cap of $12.94 million, a P/E ratio of -3.00 and a beta of 0.96. Senmiao Technology has a 12-month low of $0.20 and a 12-month high of $1.45.

Senmiao Technology (NASDAQ:AIHS) last issued its earnings results on Wednesday, August 14th. The company reported ($0.06) earnings per share for the quarter. The business had revenue of $1.12 million for the quarter. Senmiao Technology had a negative return on equity of 81.03% and a negative net margin of 67.01%.

Senmiao Technology Company Profile

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.