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

Senmiao Technology Limited (NASDAQ:AIHS) saw a large decrease in short interest in December. As of December 15th, there was short interest totalling 367,000 shares, a decrease of 5.1% from the November 30th total of 386,700 shares. Based on an average daily volume of 34,300 shares, the short-interest ratio is currently 10.7 days. Approximately 3.9% of the company’s shares are short sold.

Senmiao Technology Price Performance

AIHS stock opened at $1.01 on Tuesday. Senmiao Technology has a 1 year low of $0.38 and a 1 year high of $1.45. The firm has a 50-day moving average of $0.90 and a 200 day moving average of $0.99. The company has a market cap of $10.57 million, a P/E ratio of -2.72 and a beta of 0.78.

Institutional Investors Weigh In On Senmiao Technology

An institutional investor recently raised its position in Senmiao Technology stock. Virtu Financial LLC increased its holdings in Senmiao Technology Limited (NASDAQ:AIHS) by 143.8% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 26,047 shares of the company’s stock after buying an additional 15,365 shares during the period. Virtu Financial LLC owned about 0.25% of Senmiao Technology worth $31,000 as of its most recent filing with the Securities & Exchange Commission. 0.42% of the stock is owned by institutional investors and hedge funds.

Senmiao Technology Company Profile

Senmiao Technology Limited engages in the automobile transaction and related services business in the People's Republic of China. It operates through two segments, Automobile Transaction and Related Services, and Online Ride-Hailing Platform Services. The company offers car rental services to individual customers; and auto finance solutions through financing leases.