Short Interest in Senmiao Technology Limited (NASDAQ:AIHS) Drops By 12.9%

Senmiao Technology Limited (NASDAQ:AIHS) saw a significant drop in short interest during the month of October. As of October 31st, there was short interest totalling 418,000 shares, a drop of 12.9% from the October 15th total of 480,100 shares. Approximately 4.5% of the shares of the company are short sold. Based on an average daily volume of 89,600 shares, the short-interest ratio is presently 4.7 days.

Senmiao Technology Stock Performance

Shares of AIHS opened at $0.84 on Friday. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.41 and a quick ratio of 0.41. Senmiao Technology has a one year low of $0.20 and a one year high of $1.45. The company’s fifty day moving average price is $1.05 and its 200 day moving average price is $0.98. The company has a market capitalization of $8.79 million, a PE ratio of -1.99 and a beta of 1.02.

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

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.