Senmiao Technology Limited (NASDAQ: AIHS) recently experienced a notable increase in short interest in June, with the total short interest reaching 325,100 shares by June 15th. This was a 10.3% growth from the May 31st total of 294,700 shares. With an average daily volume of 25,800 shares, the days-to-cover ratio is currently 12.6 days, and 3.9% of the company’s stock is currently sold short.
Senmiao Technology Limited is involved in the automobile transaction and related services business in China. The company operates through two segments: Automobile Transaction and Related Services, and Online Ride-Hailing Platform Services. Senmiao Technology offers car rental services to individual customers and provides auto finance solutions through financing leases.
On June 27th, Senmiao Technology released its quarterly earnings results, reporting earnings per share of ($0.14) for the quarter. The company generated revenue of $1.27 million for the quarter. Despite this, Senmiao Technology has a negative net margin of 53.85% and a negative return on equity of 62.60%. The company’s current ratio is 0.50, quick ratio is also at 0.50 and debt-to-equity ratio stands at 0.05 while its market cap sits at $10.63 million with a PE ratio of -2
