Senmiao Technology Limited (NASDAQ: AIHS) experienced a significant growth in short interest in May. The company’s stock opened at $0.85 on Friday, with a 50-day moving average of $0.85 and a 200-day moving average of $0.68. As of May 15th, there were 284,300 shares sold short, a 7.9% increase from the April 30th total of 263,500 shares. Approximately 3.4% of the stock’s shares are sold short, with a short-interest ratio of 10.9 days based on an average daily volume of 26,000 shares.
Senmiao Technology is a company engaged in the automobile transaction and related services business in China. It operates through two segments: Automobile Transaction and Related Services, and Online Ride-Hailing Platform Services. The company provides car rental services to individual customers and auto finance solutions through financing leases. With a market cap of $8.13 million, Senmiao Technology has a price-to-earnings ratio of -1.89 and a beta of 0.77