Senmiao Technology Limited (NASDAQ:AIHS) Short Interest Up 93.3% in August

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

Senmiao Technology Stock Performance

Shares of AIHS opened at $1.76 on Tuesday. The company’s 50-day simple moving average is $1.47 and its 200-day simple moving average is $1.36. Senmiao Technology has a 1 year low of $0.83 and a 1 year high of $8.26. The stock has a market capitalization of $25.62 million, a PE ratio of -4.09 and a beta of 0.90.

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

Analyst Ratings Changes

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

Read Our Latest Stock Analysis on AIHS

Senmiao Technology Company Profile

(Get Free Report)

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.

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