Senmiao Technology Limited (NASDAQ:AIHS) Short Interest Down 90.9% in December
by Amy Steele · The Cerbat GemSenmiao Technology Limited (NASDAQ:AIHS – Get Free Report) was the target of a significant 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. Based on an average daily trading volume, of 39,093 shares, the short-interest ratio is currently 0.1 days. Currently, 0.1% of the shares of the company are short sold. Currently, 0.1% of the shares of the company are short sold. Based on an average daily trading volume, of 39,093 shares, the short-interest ratio is currently 0.1 days.
Senmiao Technology Price Performance
NASDAQ:AIHS traded up $0.01 during trading hours on Wednesday, hitting $1.11. 11,141 shares of the company were exchanged, compared to its average volume of 1,077,536. The company’s 50 day moving average price is $1.41 and its 200-day moving average price is $2.45. Senmiao Technology has a 52-week low of $0.83 and a 52-week high of $17.00. The stock has a market capitalization of $3.54 million, a price-to-earnings ratio of -1.02 and a beta of 0.91.
Senmiao Technology (NASDAQ:AIHS – Get Free Report) last issued its earnings results on Wednesday, November 19th. The company reported ($0.43) earnings per share (EPS) for the quarter. The business had revenue of $0.94 million for the quarter. Senmiao Technology had a negative return on equity of 454.33% and a negative net margin of 88.60%.
Analysts Set New Price Targets
AIHS has been the topic of several research analyst reports. Wall Street Zen upgraded Senmiao Technology to a “hold” rating in a research report on Saturday, October 11th. Weiss Ratings reaffirmed 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, Senmiao Technology currently has a consensus rating of “Sell”.
Read Our Latest Analysis on Senmiao Technology
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.