Senmiao Technology Ltd (NASDAQ:AIHS) Short Interest Update

Senmiao Technology Ltd (NASDAQ:AIHS) was the target of a significant drop in short interest in the month of October. As of October 31st, there was short interest totalling 10,300 shares, a drop of 34.0% from the September 30th total of 15,600 shares. Based on an average daily trading volume, of 170,100 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.1% of the company’s stock are sold short.

A hedge fund recently bought a new stake in Senmiao Technology stock. CVI Holdings LLC acquired a new stake in shares of Senmiao Technology Ltd (NASDAQ:AIHS) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 398,302 shares of the company’s stock, valued at approximately $1,111,000. Senmiao Technology comprises about 1.0% of CVI Holdings LLC’s investment portfolio, making the stock its 19th biggest holding. CVI Holdings LLC owned approximately 1.44% of Senmiao Technology as of its most recent filing with the Securities and Exchange Commission (SEC). 2.86% of the stock is currently owned by institutional investors and hedge funds.

Separately, ValuEngine raised Senmiao Technology from a “hold” rating to a “buy” rating in a research report on Thursday, August 1st.

Shares of Senmiao Technology stock opened at $0.39 on Thursday. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.70 and a quick ratio of 1.41. The business has a fifty day simple moving average of $0.33 and a two-hundred day simple moving average of $1.92. Senmiao Technology has a 12 month low of $0.26 and a 12 month high of $7.38.

Senmiao Technology (NASDAQ:AIHS) last announced its quarterly earnings data on Wednesday, August 14th. The company reported ($0.02) EPS for the quarter. The firm had revenue of $5.09 million for the quarter. Senmiao Technology had a negative net margin of 52.55% and a negative return on equity of 43.07%.

About Senmiao Technology

Senmiao Technology Limited, through its interest in Sichuan Senmiao Ronglian Technology Co, Ltd., operates an online lending platform connecting Chinese investors with individual and small- to-medium-sized enterprise borrowers in China. Its platform offers access to credit to borrowers and creditors, and investment returns for investors.

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