Short Interest in Senmiao Technology Ltd (NASDAQ:AIHS) Increases By 72.9%

Senmiao Technology Ltd (NASDAQ:AIHS) was the recipient of a significant growth in short interest in the month of July. As of July 15th, there was short interest totalling 194,000 shares, a growth of 72.9% from the June 30th total of 112,200 shares. Based on an average daily volume of 3,630,000 shares, the short-interest ratio is presently 0.1 days. Currently, 1.8% of the company’s stock are sold short.

Separately, ValuEngine lowered shares of Senmiao Technology from a “buy” rating to a “hold” rating in a report on Tuesday, July 28th.

An institutional investor recently bought a new position in Senmiao Technology stock. UBS Group AG acquired a new stake in shares of Senmiao Technology Ltd (NASDAQ:AIHS) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 72,454 shares of the company’s stock, valued at approximately $53,000. UBS Group AG owned 0.25% of Senmiao Technology at the end of the most recent quarter. Institutional investors and hedge funds own 0.28% of the company’s stock.

Shares of NASDAQ AIHS opened at $0.68 on Friday. The firm’s 50-day moving average price is $0.85 and its 200-day moving average price is $0.56. Senmiao Technology has a 1-year low of $0.26 and a 1-year high of $2.35. The company has a current ratio of 0.59, a quick ratio of 0.50 and a debt-to-equity ratio of 1.79.

Senmiao Technology Company Profile

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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