Hesai Group (NASDAQ:HSAI) Short Interest Update

Hesai Group (NASDAQ:HSAI) was the target of a significant increase in short interest in the month of February. As of February 15th, there was short interest totalling 1,100,000 shares, an increase of 115.3% from the January 31st total of 510,800 shares. Approximately 1.5% of the company’s shares are sold short. Based on an average trading volume of 3,960,000 shares, the days-to-cover ratio is presently 0.3 days.

Hesai Group Stock Down 0.3 %

NASDAQ:HSAI traded down $0.06 during trading hours on Friday, reaching $17.91. The company’s stock had a trading volume of 3,583,988 shares, compared to its average volume of 3,345,311. The company has a market capitalization of $2.28 billion, a P/E ratio of -40.70, a price-to-earnings-growth ratio of 1.44 and a beta of 1.26. Hesai Group has a 12 month low of $3.52 and a 12 month high of $20.18. The company has a debt-to-equity ratio of 0.08, a quick ratio of 2.65 and a current ratio of 3.08. The stock has a 50 day moving average price of $15.78 and a two-hundred day moving average price of $9.08.

Analysts Set New Price Targets

A number of equities analysts recently commented on HSAI shares. The Goldman Sachs Group raised shares of Hesai Group from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $5.50 to $18.40 in a research note on Tuesday, January 14th. Morgan Stanley downgraded shares of Hesai Group from an “overweight” rating to an “equal weight” rating and boosted their price objective for the stock from $5.80 to $15.00 in a research note on Monday, January 13th.

Hedge Funds Weigh In On Hesai Group

A number of large investors have recently bought and sold shares of HSAI. Jane Street Group LLC grew its holdings in Hesai Group by 11.9% in the third quarter. Jane Street Group LLC now owns 48,943 shares of the company’s stock worth $230,000 after purchasing an additional 5,186 shares during the last quarter. China Universal Asset Management Co. Ltd. grew its holdings in Hesai Group by 47.5% in the third 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 last quarter. Renaissance Technologies LLC purchased a new position in Hesai Group in the fourth quarter worth $138,000. Hsbc Holdings PLC purchased a new position in Hesai Group in the fourth quarter worth $159,000. Finally, Landscape Capital Management L.L.C. purchased a new position in Hesai Group in the fourth quarter worth $168,000. Institutional investors own 48.53% of the company’s stock.

About Hesai Group

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.