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

Senmiao Technology Limited (NASDAQ:AIHS) saw a large increase in short interest in the month of August. As of August 14th, there was short interest totaling 628,136 shares, an increase of 93.3% from the July 30th total of 325,030 shares. Based on an average trading volume of 3,592,503 shares, the short-interest ratio is presently 0.2 days. Currently, 4.3% of the shares of the company are short sold.

Senmiao Technology Stock Performance

Shares of Senmiao Technology stock remained flat at $1.76 on Friday. Senmiao Technology has a 52 week low of $0.83 and a 52 week high of $8.26. The company’s 50-day moving average is $1.46 and its 200 day moving average is $1.35. The company has a market capitalization of $25.62 million, a PE ratio of -4.09 and a beta of 0.90.

Senmiao Technology (NASDAQ:AIHS) last issued its earnings results on Friday, August 14th. The company reported $0.28 earnings per share for the quarter.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Senmiao Technology in a research report on Friday, July 17th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company currently has an average rating of “Sell”.

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.