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

Senmiao Technology Limited (NASDAQ:AIHS) saw a significant growth in short interest in June. As of June 15th, there was short interest totalling 325,100 shares, a growth of 10.3% from the May 31st total of 294,700 shares. Currently, 3.9% of the company’s stock are sold short. Based on an average daily volume of 25,800 shares, the days-to-cover ratio is currently 12.6 days.

Senmiao Technology Price Performance

Shares of AIHS stock opened at $0.96 on Thursday. The business’s fifty day moving average is $0.89 and its 200 day moving average is $0.77. The company has a quick ratio of 0.50, a current ratio of 0.50 and a debt-to-equity ratio of 0.05. The stock has a market cap of $10.10 million, a price-to-earnings ratio of -2.34 and a beta of 1.04. Senmiao Technology has a twelve month low of $0.20 and a twelve month high of $1.23.

Senmiao Technology (NASDAQ:AIHS) last issued its quarterly earnings results on Thursday, June 27th. The company reported ($0.14) earnings per share (EPS) for the quarter. The business had revenue of $1.27 million during the quarter. Senmiao Technology had a negative return on equity of 62.60% and a negative net margin of 53.85%.

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.