Senmiao Technology Limited (NASDAQ:AIHS – Get Rating) saw a large increase in short interest in May. As of May 31st, there was short interest totalling 371,000 shares, an increase of 87.6% from the May 15th total of 197,800 shares. Approximately 7.4% of the company’s shares are sold short. Based on an average trading volume of 133,500 shares, the days-to-cover ratio is presently 2.8 days.
A hedge fund recently bought a new stake in Senmiao Technology stock. Renaissance Technologies LLC bought a new stake in Senmiao Technology Limited (NASDAQ:AIHS – Get Rating) in the 4th quarter, according to its most recent disclosure with the SEC. The fund bought 77,300 shares of the company’s stock, valued at approximately $29,000. Renaissance Technologies LLC owned approximately 0.13% of Senmiao Technology at the end of the most recent reporting period.
NASDAQ AIHS opened at $0.94 on Monday. The company has a market cap of $5.81 million, a P/E ratio of -0.52 and a beta of 0.67. The stock has a 50-day moving average of $1.48 and a two-hundred day moving average of $2.74. Senmiao Technology has a 1-year low of $0.84 and a 1-year high of $13.50.
About Senmiao Technology (Get Rating)
Senmiao Technology Limited engages in the automobile transaction and related services business in the People's Republic of China. Its services include the facilitation of automobile transaction and financing, connecting ride-hailing drivers to financial institutions to buy, or get financing on the purchase of, cars to be used to provide online ride-hailing services.
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