Senmiao Technology Limited (NASDAQ:AIHS) Short Interest Up 309.0% in December

Senmiao Technology Limited (NASDAQ:AIHS) was the target of a large increase in short interest during the month of December. As of December 31st, there was short interest totaling 12,364 shares, an increase of 309.0% from the December 15th total of 3,023 shares. Approximately 0.4% of the company’s shares are sold short. Based on an average daily trading volume, of 31,205 shares, the short-interest ratio is currently 0.4 days. Based on an average daily trading volume, of 31,205 shares, the short-interest ratio is currently 0.4 days. Approximately 0.4% of the company’s shares are sold short.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on AIHS. Wall Street Zen upgraded Senmiao Technology to a “hold” rating in a report on Saturday, October 11th. Weiss Ratings restated a “sell (e+)” rating on shares of Senmiao Technology in a report on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company presently has an average rating of “Sell”.

Senmiao Technology Trading Down 1.9%

NASDAQ:AIHS opened at $1.02 on Thursday. The firm’s fifty day simple moving average is $1.19 and its 200 day simple moving average is $1.98. Senmiao Technology has a twelve month low of $0.83 and a twelve month high of $17.00. The firm has a market capitalization of $3.27 million, a price-to-earnings ratio of -0.94 and a beta of 0.97.

Senmiao Technology (NASDAQ:AIHS) last released its quarterly earnings data on Wednesday, November 19th. The company reported ($0.43) EPS for the quarter. The company had revenue of $0.94 million during the quarter. Senmiao Technology had a negative net margin of 88.60% and a negative return on equity of 454.33%.

Senmiao Technology Company Profile

Senmiao Technology Ltd, incorporated in the Cayman Islands and traded on NASDAQ under the ticker AIHS, is a developer and operator of internet-based financial technology platforms in China. The company delivers a suite of integrated financial services and e-commerce solutions designed to meet the needs of small and micro enterprises as well as individual borrowers across the Chinese market.

At the core of Senmiao’s business are its micro-finance lending operations, which provide short-term, collateral-backed loans to underserved customers.