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

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

Senmiao Technology Limited (NASDAQ: AIHS – Get Rating) was the one that received a significant increase in short -term interest in the month of April. As of April 30, there was short -term interest at 172,500 shares, an increase of 52.4% from April 15’s total of 113,200 shares. Based on an average trading volume of 96,400 shares, the short-interest ratio is currently 1.8 days. Approximately 3.5% of shares of the stock were short-sold.

An institutional investor recently bought a new position in Senmiao Technology stock. Morgan Stanley acquired a new position in Senmiao Technology Limited (NASDAQ: AIHS-Get Rating) in the second quarter, according to the company’s latest disclosure by the Securities & Exchange Commission. The institutional investor acquired 29,470 shares of the company’s stock, valued at an estimated $ 31,000. Morgan Stanley owns 0.05% of Senmiao Technology in the most recent SEC filing.

The NASDAQ AIHS opened at $ 1.03 on Friday. The company has a market cap of $ 6.37 million, a price-to-earnings ratio of -0.57 and a beta of 0.66. The business has a 50 day average price of $ 2.17 and a 200 day average price of $ 3.56. Senmiao Technology has a twelve -month low of $ 0.93 and a twelve -month high of $ 13.50.

Company Profile of Senmiao Technology (Get a Rating)

Senmiao Technology Limited is engaged in automotive and business transaction related service in the People’s Republic of China. Its services include speeding up the transaction and financing of vehicles, connecting ride-hailing drivers to financial institutions to purchase, or obtaining financing to purchase, vehicles to be used to provide online services. ride-hailing.

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