Short Interest in Senmiao Technology Limited (NASDAQ:AIHS) Decreases By 8.5%

Senmiao Technology Limited (NASDAQ:AIHS) was the recipient of a large decline in short interest in the month of September. As of September 30th, there was short interest totalling 672,800 shares, a decline of 8.5% from the September 15th total of 735,200 shares. Approximately 7.2% of the company’s stock are short sold. Based on an average daily trading volume, of 83,600 shares, the short-interest ratio is currently 8.0 days.

Senmiao Technology Stock Performance

NASDAQ:AIHS opened at $0.94 on Wednesday. The firm has a 50-day moving average of $1.11 and a two-hundred day moving average of $0.97. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.41 and a quick ratio of 0.41. The stock has a market cap of $9.89 million, a P/E ratio of -2.29 and a beta of 0.97. Senmiao Technology has a 1-year low of $0.20 and a 1-year high of $1.45.

Senmiao Technology (NASDAQ:AIHS) last released its quarterly earnings results on Wednesday, August 14th. The company reported ($0.06) EPS for the quarter. Senmiao Technology had a negative return on equity of 81.03% and a negative net margin of 67.01%. The business had revenue of $1.12 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.