Ebang International Holdings Inc. (NASDAQ:EBON) Short Interest Down 43.6% in May

Ebang International Holdings Inc. (NASDAQ:EBON) was the target of a large decline in short interest during the month of May. As of May 29th, there was short interest totaling 8,629 shares, a decline of 43.6% from the May 14th total of 15,299 shares. Based on an average trading volume of 5,206 shares, the days-to-cover ratio is currently 1.7 days. Currently, 0.2% of the shares of the company are sold short.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Ebang International in a research report on Friday, May 1st. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock has a consensus rating of “Sell”.

Ebang International Trading Down 8.8%

NASDAQ:EBON traded down $0.19 during midday trading on Tuesday, reaching $1.97. 6,319 shares of the company traded hands, compared to its average volume of 5,753. Ebang International has a twelve month low of $1.61 and a twelve month high of $5.90. The company has a fifty day moving average price of $2.19 and a 200 day moving average price of $2.66.

Ebang International (NASDAQ:EBON) last released its quarterly earnings data on Saturday, April 25th. The company reported ($0.76) earnings per share (EPS) for the quarter. The company had revenue of $1.48 million during the quarter.

Institutional Trading of Ebang International

An institutional investor recently raised its position in Ebang International stock. Susquehanna International Group LLP lifted its position in Ebang International Holdings Inc. (NASDAQ:EBON) by 18.9% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 23,474 shares of the company’s stock after buying an additional 3,733 shares during the period. Susquehanna International Group LLP’s holdings in Ebang International were worth $108,000 at the end of the most recent reporting period. 1.15% of the stock is currently owned by institutional investors.

Ebang International Company Profile

Ebang International Holdings Inc is a China-based technology company that specializes in the design, development and sale of high-performance application-specific integrated circuit (ASIC) miner machines for cryptocurrency mining. In addition to its core hardware business, the company offers blockchain computing services and related technical support, enabling mining operations to optimize efficiency and manage large-scale deployments.

Founded in 2010 and headquartered in Hangzhou, Ebang has established research and development centers in major Chinese cities, including Beijing and Shanghai.