Senmiao Technology Limited (NASDAQ:AIHS) Short Interest Update

Senmiao Technology Limited (NASDAQ:AIHS) was the recipient of a large decline in short interest in January. As of January 15th, there was short interest totalling 340,900 shares, a decline of 7.1% from the December 31st total of 367,000 shares. Currently, 3.7% of the company’s stock are sold short. Based on an average daily trading volume, of 22,500 shares, the days-to-cover ratio is presently 15.2 days.

Institutional Investors Weigh In On Senmiao Technology

An institutional investor recently raised its position in Senmiao Technology stock. Virtu Financial LLC raised its holdings in shares of Senmiao Technology Limited (NASDAQ:AIHS) by 143.8% in the third quarter, according to its most recent Form 13F filing with the SEC. 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 SEC filing. Institutional investors own 0.42% of the company’s stock.

Senmiao Technology Stock Performance

Shares of AIHS stock traded up $0.04 during trading hours on Monday, hitting $0.95. 22,519 shares of the company were exchanged, compared to its average volume of 18,813. Senmiao Technology has a one year low of $0.54 and a one year high of $1.45. The business’s 50-day simple moving average is $0.92 and its two-hundred day simple moving average is $0.98. The stock has a market capitalization of $10.00 million, a price-to-earnings ratio of -2.70 and a beta of 0.72.

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.