Senmiao Technology Limited (NASDAQ:AIHS) Short Interest Up 88.9% in January

Senmiao Technology Limited (NASDAQ:AIHS) saw a large growth in short interest during the month of January. As of January 30th, there was short interest totaling 5,322 shares, a growth of 88.9% from the January 15th total of 2,817 shares. Currently, 0.2% of the shares of the stock are short sold. Based on an average daily trading volume, of 45,346 shares, the days-to-cover ratio is presently 0.1 days. Based on an average daily trading volume, of 45,346 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.2% of the shares of the stock are short sold.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Senmiao Technology in a report on Wednesday, January 21st. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, Senmiao Technology currently has a consensus rating of “Sell”.

Senmiao Technology Price Performance

AIHS stock traded up $0.07 during midday trading on Friday, hitting $1.24. The stock had a trading volume of 10,488 shares, compared to its average volume of 28,488. The business has a 50-day moving average of $1.16 and a two-hundred day moving average of $1.69. The firm has a market cap of $3.98 million, a price-to-earnings ratio of -1.15 and a beta of 1.05. Senmiao Technology has a 52-week low of $0.83 and a 52-week high of $17.00.

Senmiao Technology (NASDAQ:AIHS) last announced its earnings results on Friday, February 13th. The company reported ($0.28) EPS for the quarter. The business had revenue of $0.36 million for 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.