Short Interest in Senmiao Technology Limited (NASDAQ:AIHS) Drops By 90.9%

Senmiao Technology Limited (NASDAQ:AIHS) saw a significant drop in short interest in the month of December. As of December 15th, there was short interest totaling 3,023 shares, a drop of 90.9% from the November 30th total of 33,082 shares. Approximately 0.1% of the company’s shares are sold short. Based on an average daily trading volume, of 39,093 shares, the days-to-cover ratio is presently 0.1 days. Based on an average daily trading volume, of 39,093 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.1% of the company’s shares are sold short.

Senmiao Technology Price Performance

NASDAQ:AIHS traded up $0.01 during trading hours on Wednesday, reaching $1.11. 11,141 shares of the company traded hands, compared to its average volume of 1,077,536. The stock has a market cap of $3.54 million, a P/E ratio of -1.02 and a beta of 0.91. The firm’s 50-day moving average is $1.41 and its 200-day moving average is $2.45. 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 return on equity of 454.33% and a negative net margin of 88.60%.The company had revenue of $0.94 million for the quarter.

Wall Street Analyst Weigh In

Several analysts recently weighed in on AIHS shares. Wall Street Zen raised shares of Senmiao Technology to a “hold” rating in a report on Saturday, October 11th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Senmiao Technology in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Senmiao Technology currently has an average rating of “Sell”.

About Senmiao Technology

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.