Senmiao Technology Limited (NASDAQ:AIHS) Short Interest Down 41.2% in September

Senmiao Technology Limited (NASDAQ:AIHS) was the target of a significant drop in short interest in the month of September. As of September 15th, there was short interest totaling 23,300 shares, a drop of 41.2% from the August 31st total of 39,600 shares. Based on an average daily volume of 3,510,000 shares, the short-interest ratio is presently 0.0 days. Currently, 2.4% of the company’s shares are short sold. Currently, 2.4% of the company’s shares are short sold. Based on an average daily volume of 3,510,000 shares, the short-interest ratio is presently 0.0 days.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Senmiao Technology in a report on Saturday, September 27th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock has an average rating of “Sell”.

Senmiao Technology Trading Down 0.4%

Shares of AIHS stock opened at $2.26 on Tuesday. Senmiao Technology has a twelve month low of $1.84 and a twelve month high of $17.00. The stock has a fifty day simple moving average of $2.37 and a two-hundred day simple moving average of $5.52. The stock has a market capitalization of $2.50 million, a price-to-earnings ratio of -0.71 and a beta of 0.90.

Senmiao Technology (NASDAQ:AIHS) last released its quarterly earnings data on Tuesday, August 19th. The company reported ($0.15) earnings per share for the quarter. Senmiao Technology had a negative net margin of 95.43% and a negative return on equity of 211.61%. The firm had revenue of $0.86 million during the quarter.

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.