Senmiao Technology (NASDAQ:AIHS) Shares Down 1.1% – Here’s What Happened

Senmiao Technology Limited (NASDAQ:AIHS) fell 1.1% on Tuesday . The stock traded as low as $0.86 and last traded at $0.86. 7,269 shares traded hands during trading, a decline of 71% from the average session volume of 24,739 shares. The stock had previously closed at $0.87.

Senmiao Technology Stock Down 1.1 %

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

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Senmiao Technology stock. Virtu Financial LLC boosted its holdings in shares of Senmiao Technology Limited (NASDAQ:AIHS) by 143.8% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 26,047 shares of the company’s stock after purchasing an additional 15,365 shares during the quarter. Virtu Financial LLC owned about 0.25% of Senmiao Technology worth $31,000 as of its most recent SEC filing. 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.