Senmiao Technology Limited (NASDAQ:AIHS) Short Interest Down 90.9% in December

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

Senmiao Technology Price Performance

NASDAQ:AIHS traded up $0.01 during trading hours on Wednesday, hitting $1.11. 11,141 shares of the company were exchanged, compared to its average volume of 1,077,536. The company’s 50 day moving average price is $1.41 and its 200-day moving average price is $2.45. Senmiao Technology has a 52-week low of $0.83 and a 52-week high of $17.00. The stock has a market capitalization of $3.54 million, a price-to-earnings ratio of -1.02 and a beta of 0.91.

Senmiao Technology (NASDAQ:AIHS) last issued its earnings results on Wednesday, November 19th. The company reported ($0.43) earnings per share (EPS) for the quarter. The business had revenue of $0.94 million for the quarter. Senmiao Technology had a negative return on equity of 454.33% and a negative net margin of 88.60%.

Analysts Set New Price Targets

AIHS has been the topic of several research analyst reports. Wall Street Zen upgraded Senmiao Technology to a “hold” rating in a research report on Saturday, October 11th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Senmiao Technology in a report on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, Senmiao Technology currently has a consensus 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.