Hesai Group (NASDAQ:HSAI) Short Interest Up 9.6% in January

Hesai Group (NASDAQ:HSAIGet Free Report) was the recipient of a large increase in short interest during the month of January. As of January 15th, there was short interest totalling 425,100 shares, an increase of 9.6% from the December 31st total of 388,000 shares. Based on an average daily volume of 560,800 shares, the short-interest ratio is currently 0.8 days. Approximately 0.5% of the shares of the company are short sold.

Hesai Group Price Performance

Shares of NASDAQ:HSAI opened at $5.83 on Thursday. The company has a 50 day moving average of $8.47 and a 200-day moving average of $9.74. Hesai Group has a twelve month low of $5.79 and a twelve month high of $30.35. The company has a quick ratio of 3.76, a current ratio of 4.26 and a debt-to-equity ratio of 0.06.

Hesai Group (NASDAQ:HSAIGet Free Report) last issued its quarterly earnings results on Monday, November 13th. The company reported ($0.15) earnings per share for the quarter. The company had revenue of $61.07 million during the quarter. Hesai Group had a negative return on equity of 21.55% and a negative net margin of 27.33%. On average, research analysts expect that Hesai Group will post -0.7 earnings per share for the current year.

Institutional Trading of Hesai Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Mirae Asset Global Investments Co. Ltd. lifted its stake in Hesai Group by 3.6% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,104,843 shares of the company’s stock valued at $9,844,000 after purchasing an additional 38,234 shares during the last quarter. China Universal Asset Management Co. Ltd. acquired a new stake in Hesai Group during the fourth quarter valued at approximately $178,000. E Fund Management Hong Kong Co. Ltd. acquired a new stake in Hesai Group during the fourth quarter valued at approximately $1,523,000. Schroder Investment Management Group lifted its stake in Hesai Group by 11.0% during the third quarter. Schroder Investment Management Group now owns 584,517 shares of the company’s stock valued at $5,845,000 after purchasing an additional 57,954 shares during the last quarter. Finally, Lansdowne Partners UK LLP acquired a new stake in shares of Hesai Group during the third quarter valued at approximately $870,000. 15.02% of the stock is owned by institutional investors and hedge funds.

Hesai Group Company Profile

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Hesai Group, through with its subsidiaries, engages in the development, manufacture, and sale of three-dimensional light detection and ranging solutions (LiDAR). Its LiDAR products are used in passenger and commercial vehicles with advanced driver assistance systems; autonomous passenger and freight mobility services; and other applications, such as delivery robots, street sweeping robots, and logistics robots in restricted areas.

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