Renaissance Technologies LLC recently announced the acquisition of new stake in Senmiao Technology Limited (NASDAQ:AIHS). The institutional investor has increased its shareholding in the Financial company by 165.13% to 0.13 million shares with purchase of 80990.0 shares. This fresh investment now brings its stake to 0.45% valued currently at $88685.0. In addition, UBS Securities LLC raised its holdings by 72454.0 to 72454.0 shares.
With over 2.06 million Senmiao Technology Limited (AIHS) shares trading Monday and a closing price of $0.46 on the day, the dollar volume was approximately $0.95 million. The shares have shown a positive weekly performance of 9.76% and its price on 08/31/20 gained nearly 8.04%. Currently, there are 29.01M common shares owned by the public and among those 25.59M shares have been available to trade.
Amplify CrowdBureau Peer-to-Peer owns 3220.0 shares of the company’s stock, all valued at over $2196.0.
Shares of Senmiao Technology Limited (NASDAQ: AIHS) opened at $0.432, unchanged from a prior closing price of $0.43. However, the script later closed the day at $0.46, up 8.04%. The company’s stock has a 5-day price change of 9.76% and 22.70% over the past three months. AIHS shares are trading -31.19% year to date (YTD), with the 12-month market performance down to -14.63% lower. It has a 12-month low price of $0.26 and touched a high of $2.35 over the same period. Currently, 2.06 million shares have been traded, compared to an average intraday trading volume of 4.65 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -5.74%, -35.25%, and -20.52% respectively.
Institutional ownership of Senmiao Technology Limited (NASDAQ: AIHS) shares accounts for 0.50% of the company’s 29.01M shares outstanding. Mutual fund holders own 0.71%, while other institutional holders and individual stakeholders account for 40.56% and 0.01% respectively.
It has a market capitalization of $19.65M. The earnings-per-share (ttm) stands at -$0.17. Price movements for the stock have been influenced by the stock’s volatility, which stands at 10.13% over the week and 9.97% over the month.