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

Senmiao Technology Limited (NASDAQ:AIHS) was the target of a large decrease in short interest during the month of December. As of December 15th, there was short interest totaling 3,023 shares, a decrease of 90.9% from the November 30th total of 33,082 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average trading volume of 39,093 shares, the days-to-cover ratio is presently 0.1 days. Based on an average trading volume of 39,093 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.1% of the shares of the stock are sold short.

Wall Street Analysts Forecast Growth

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

Senmiao Technology Stock Up 0.5%

NASDAQ AIHS opened at $1.11 on Friday. The company has a 50-day simple moving average of $1.37 and a two-hundred day simple moving average of $2.43. Senmiao Technology has a 12-month low of $0.83 and a 12-month high of $17.00. The firm has a market cap of $3.55 million, a price-to-earnings ratio of -1.02 and a beta of 0.91.

Senmiao Technology (NASDAQ:AIHS) last released its earnings results on Wednesday, November 19th. The company reported ($0.43) earnings per share 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%.

About Senmiao Technology

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.