Short Interest in Ebang International Holdings Inc. (NASDAQ:EBON) Decreases By 15.4%

Ebang International Holdings Inc. (NASDAQ:EBONGet Rating) was the target of a significant decline in short interest during the month of July. As of July 15th, there was short interest totalling 5,150,000 shares, a decline of 15.4% from the June 30th total of 6,090,000 shares. Based on an average daily volume of 1,780,000 shares, the days-to-cover ratio is currently 2.9 days.

Ebang International Stock Performance

Shares of EBON opened at $0.50 on Friday. Ebang International has a fifty-two week low of $0.37 and a fifty-two week high of $3.10. The firm has a 50 day moving average price of $0.57 and a 200-day moving average price of $0.91.

Institutional Investors Weigh In On Ebang International

Hedge funds have recently made changes to their positions in the business. Daiwa Securities Group Inc. lifted its holdings in shares of Ebang International by 45.7% in the 1st quarter. Daiwa Securities Group Inc. now owns 93,866 shares of the company’s stock worth $109,000 after acquiring an additional 29,462 shares during the last quarter. UBS Group AG lifted its holdings in shares of Ebang International by 307.7% in the 1st quarter. UBS Group AG now owns 190,588 shares of the company’s stock worth $221,000 after acquiring an additional 143,838 shares during the last quarter. Vident Investment Advisory LLC lifted its holdings in shares of Ebang International by 162.7% in the 1st quarter. Vident Investment Advisory LLC now owns 26,475 shares of the company’s stock worth $31,000 after acquiring an additional 16,396 shares during the last quarter. Van ECK Associates Corp raised its holdings in Ebang International by 98.4% during the 2nd quarter. Van ECK Associates Corp now owns 94,570 shares of the company’s stock valued at $38,000 after buying an additional 46,910 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. raised its holdings in Ebang International by 31.6% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,418,709 shares of the company’s stock valued at $2,806,000 after buying an additional 580,723 shares during the last quarter. 9.38% of the stock is currently owned by institutional investors.

Ebang International Company Profile

(Get Rating)

Ebang International Holdings Inc, through its subsidiaries, engages in the research, design, and development of application-specific integrated circuit chips and manufacture of Bitcoin mining machines under the Ebit brand in China, the United States, Hong Kong, and internationally. It also provides mining machine hosting services that enable customers to operate mining machines remotely; and routine maintenance services, as well as engages in the development of proprietary cryptocurrency exchange platform.

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