Hesai Group (NASDAQ:HSAI) Short Interest Update

Hesai Group (NASDAQ:HSAI) was the target of a significant growth in short interest in the month of October. As of October 31st, there was short interest totalling 3,100,000 shares, a growth of 11.9% from the October 15th total of 2,770,000 shares. Based on an average daily trading volume, of 569,600 shares, the short-interest ratio is presently 5.4 days. Approximately 3.9% of the company’s shares are short sold.

Institutional Investors Weigh In On Hesai Group

Several large investors have recently added to or reduced their stakes in HSAI. EntryPoint Capital LLC grew its position in shares of 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 buying an additional 4,912 shares in the last quarter. China Universal Asset Management Co. Ltd. lifted its position in shares of Hesai Group by 47.5% in the 3rd quarter. China Universal Asset Management Co. Ltd. now owns 29,500 shares of the company’s stock worth $138,000 after purchasing an additional 9,500 shares during the period. Renaissance Technologies LLC boosted its stake 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 purchasing an additional 15,200 shares in the last quarter. Jane Street Group LLC increased its holdings in Hesai Group by 11.9% during the third quarter. Jane Street Group LLC now owns 48,943 shares of the company’s stock valued at $230,000 after buying an additional 5,186 shares during the period. Finally, Susquehanna Fundamental Investments LLC raised its stake in Hesai Group by 107.7% in the second quarter. Susquehanna Fundamental Investments LLC now owns 144,420 shares of the company’s stock worth $605,000 after buying an additional 74,888 shares in the last quarter. 48.53% of the stock is owned by hedge funds and other institutional investors.

Hesai Group Trading Up 3.7 %

Shares of NASDAQ HSAI traded up $0.15 during midday trading on Monday, hitting $4.23. The company’s stock had a trading volume of 221,021 shares, compared to its average volume of 630,470. Hesai Group has a 12-month low of $3.28 and a 12-month high of $11.20. The company has a current ratio of 3.16, a quick ratio of 2.68 and a debt-to-equity ratio of 0.09. The firm has a market cap of $537.33 million, a P/E ratio of -8.00 and a beta of 1.36. The business’s 50 day moving average is $4.50 and its two-hundred day moving average is $4.50.

Hesai Group (NASDAQ:HSAI) last released 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, equities research analysts expect 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.