Ebang International Holdings Inc. (NASDAQ:EBON) Short Interest Update

Ebang International Holdings Inc. (NASDAQ:EBON) saw a significant decrease in short interest in the month of February. As of February 27th, there was short interest totaling 20,427 shares, a decrease of 12.1% from the February 12th total of 23,248 shares. Approximately 0.4% of the company’s shares are short sold. Based on an average daily volume of 3,000 shares, the short-interest ratio is currently 6.8 days. Based on an average daily volume of 3,000 shares, the short-interest ratio is currently 6.8 days. Approximately 0.4% of the company’s shares are short sold.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Ebang International in a report on Wednesday, January 21st. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock currently has an average rating of “Sell”.

Ebang International Stock Up 4.5%

EBON stock opened at $2.52 on Wednesday. Ebang International has a 12-month low of $2.30 and a 12-month high of $5.90. The stock’s 50 day simple moving average is $2.83 and its 200 day simple moving average is $3.64.

Hedge Funds Weigh In On Ebang International

An institutional investor recently raised its position in Ebang International stock. Susquehanna International Group LLP boosted its stake in shares of Ebang International Holdings Inc. (NASDAQ:EBON) by 18.9% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 23,474 shares of the company’s stock after purchasing 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 quarter. Institutional investors and hedge funds own 1.15% of the company’s stock.

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.