Short Interest in Senmiao Technology Limited (NASDAQ:AIHS) Drops By 77.2%

Senmiao Technology Limited (NASDAQ:AIHS) was the recipient of a large drop in short interest in January. As of January 15th, there was short interest totaling 2,817 shares, a drop of 77.2% from the December 31st total of 12,364 shares. Based on an average trading volume of 14,935 shares, the short-interest ratio is currently 0.2 days. Currently, 0.1% of the company’s shares are sold short. Currently, 0.1% of the company’s shares are sold short. Based on an average trading volume of 14,935 shares, the short-interest ratio is currently 0.2 days.

Analysts Set New Price Targets

A number of research firms recently issued reports on AIHS. Weiss Ratings reiterated a “sell (e+)” rating on shares of Senmiao Technology in a research report on Wednesday, January 21st. Wall Street Zen raised shares of Senmiao Technology to a “hold” rating in a research note on Saturday, October 11th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company has an average rating of “Sell”.

Senmiao Technology Price Performance

NASDAQ AIHS opened at $1.17 on Friday. The company has a fifty day moving average price of $1.18 and a 200-day moving average price of $1.84. The firm has a market cap of $3.74 million, a price-to-earnings ratio of -1.08 and a beta of 0.97. Senmiao Technology has a 1 year low of $0.83 and a 1 year high of $17.00.

Senmiao Technology (NASDAQ:AIHS) last issued its quarterly earnings results on Wednesday, November 19th. The company reported ($0.43) EPS for the quarter. Senmiao Technology had a negative net margin of 88.60% and a negative return on equity of 454.33%. The business had revenue of $0.94 million for the quarter.

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.