Senmiao Technology Limited (NASDAQ:AIHS) Short Interest Up 212.9% in September

Senmiao Technology Limited (NASDAQ:AIHS) saw a significant increase in short interest in September. As of September 30th, there was short interest totaling 72,900 shares, an increase of 212.9% from the September 15th total of 23,300 shares. Approximately 7.4% of the shares of the 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. Based on an average daily volume of 3,890,000 shares, the days-to-cover ratio is currently 0.0 days. Approximately 7.4% of the shares of the stock are sold short.

Senmiao Technology Trading Up 0.5%

Shares of AIHS opened at $1.96 on Monday. Senmiao Technology has a twelve month low of $1.84 and a twelve month high of $17.00. The company has a market cap of $2.18 million, a P/E ratio of -0.61 and a beta of 0.90. The company’s fifty day simple moving average is $2.29 and its 200-day simple moving average is $5.08.

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

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on AIHS shares. Wall Street Zen raised shares of Senmiao Technology to a “hold” rating in a research note on Saturday, October 11th. Weiss Ratings reissued a “sell (e+)” rating on shares of Senmiao Technology in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the company has an average rating of “Sell”.

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.