Hesai Group (NASDAQ:HSAI) Short Interest Update

Hesai Group (NASDAQ:HSAI - Get Free Report) was the target of a significant decrease in short interest in the month of October. As of October 15th, there was short interest totalling 2,770,000 shares, a decrease of 10.1% from the September 30th total of 3,080,000 shares. Approximately 3.4% of the shares of the stock are short sold. Based on an average daily trading volume, of 568,500 shares, the days-to-cover ratio is currently 4.9 days.

Hedge Funds Weigh In On Hesai Group

Hedge funds have recently modified their holdings of the stock. GSA Capital Partners LLP acquired a new stake in shares of Hesai Group during the first quarter valued at approximately $1,141,000. Renaissance Technologies LLC grew its holdings in shares of Hesai Group by 44.1% during the second quarter. Renaissance Technologies LLC now owns 49,700 shares of the company's stock valued at $208,000 after buying an additional 15,200 shares in the last quarter. Susquehanna Fundamental Investments LLC purchased a new stake in Hesai Group in the 1st quarter worth about $352,000. EntryPoint Capital LLC boosted its position in Hesai Group by 34.2% during the 1st quarter. EntryPoint Capital LLC now owns 19,254 shares of the company's stock worth $97,000 after acquiring an additional 4,912 shares during the period. Finally, China Universal Asset Management Co. Ltd. grew its stake in Hesai Group by 47.5% during the 3rd quarter. China Universal Asset Management Co. Ltd. now owns 29,500 shares of the company's stock valued at $138,000 after acquiring an additional 9,500 shares in the last quarter. 48.53% of the stock is currently owned by institutional investors and hedge funds.

Hesai Group Price Performance

NASDAQ HSAI traded down $0.09 on Wednesday, reaching $4.55. The company's stock had a trading volume of 420,737 shares, compared to its average volume of 639,491. Hesai Group has a twelve month low of $3.28 and a twelve month high of $11.55. The company has a debt-to-equity ratio of 0.09, a quick ratio of 2.68 and a current ratio of 3.16. The firm's 50 day moving average is $4.39 and its two-hundred day moving average is $4.49. The stock has a market cap of $577.98 million, a PE ratio of -9.10 and a beta of 1.42.

Hesai Group (NASDAQ:HSAI - Get Free Report) last issued its earnings results on Monday, August 19th. The company reported ($0.05) earnings per share for the quarter. The business had revenue of $63.14 million for the quarter. Hesai Group had a negative return on equity of 9.22% and a negative net margin of 25.30%. As a group, sell-side analysts predict that Hesai Group will post -0.35 EPS for the current year.

Hesai Group Company Profile

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.