Senmiao Technology (NASDAQ:AIHS) Shares Down 1.1% – What’s Next?

Senmiao Technology Limited (NASDAQ:AIHS)’s share price dropped 1.1% during mid-day trading on Tuesday . The stock traded as low as $0.86 and last traded at $0.86. Approximately 7,269 shares changed hands during mid-day trading, a decline of 71% from the average daily volume of 24,739 shares. The stock had previously closed at $0.87.

Senmiao Technology Trading Down 1.1 %

The stock has a market capitalization of $9.05 million, a PE ratio of -2.32 and a beta of 0.75. The business’s 50 day moving average is $0.93 and its 200 day moving average is $0.99.

Hedge Funds Weigh In On Senmiao Technology

An institutional investor recently raised its position in Senmiao Technology stock. Virtu Financial LLC raised its holdings in shares of Senmiao Technology Limited (NASDAQ:AIHS) by 143.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 26,047 shares of the company’s stock after purchasing an additional 15,365 shares during the quarter. Virtu Financial LLC owned 0.25% of Senmiao Technology worth $31,000 at the end of the most recent reporting period. 0.42% of the stock is owned by institutional investors and hedge funds.

About Senmiao Technology

Senmiao Technology Limited engages in the automobile transaction and related services business in the People's Republic of China. It operates through two segments, Automobile Transaction and Related Services, and Online Ride-Hailing Platform Services. The company offers car rental services to individual customers; and auto finance solutions through financing leases.