Short Interest in Senmiao Technology Limited (NASDAQ:AIHS) Drops By 5.1%

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

Senmiao Technology Stock Performance

NASDAQ:AIHS opened at $1.07 on Thursday. The firm’s fifty day moving average is $0.91 and its two-hundred day moving average is $0.99. The firm has a market cap of $11.25 million, a price-to-earnings ratio of -2.89 and a beta of 0.78. Senmiao Technology has a one year low of $0.38 and a one year high of $1.45.

Institutional Trading of Senmiao Technology

An institutional investor recently raised its position in Senmiao Technology stock. Virtu Financial LLC raised its stake in Senmiao Technology Limited (NASDAQ:AIHS) by 143.8% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 26,047 shares of the company’s stock after acquiring an additional 15,365 shares during the quarter. Virtu Financial LLC owned approximately 0.25% of Senmiao Technology worth $31,000 at the end of the most recent reporting period. 0.42% of the stock is currently owned by institutional investors.

About Senmiao Technology

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.