EHang Holdings Limited (NASDAQ:EH) Short Interest Down 5.5% in April

EHang Holdings Limited (NASDAQ:EH) was the target of a large decrease in short interest during the month of April. As of April 15th, there was short interest totalling 5,820,000 shares, a decrease of 5.5% from the March 31st total of 6,160,000 shares. Based on an average daily volume of 1,390,000 shares, the days-to-cover ratio is presently 4.2 days.

EHang Price Performance

NASDAQ:EH traded down $0.63 during mid-day trading on Tuesday, reaching $18.05. 719,970 shares of the company were exchanged, compared to its average volume of 1,240,977. EHang has a 12 month low of $9.50 and a 12 month high of $25.78. The company has a fifty day moving average of $15.77 and a 200 day moving average of $15.09. The company has a quick ratio of 1.57, a current ratio of 1.81 and a debt-to-equity ratio of 0.04. The stock has a market cap of $1.15 billion, a PE ratio of -26.69 and a beta of 1.04.

EHang (NASDAQ:EH) last released its earnings results on Friday, March 15th. The company reported ($0.16) earnings per share (EPS) for the quarter. EHang had a negative net margin of 257.09% and a negative return on equity of 188.90%. The business had revenue of $7.97 million for the quarter.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Axim Planning & Wealth raised its position in shares of EHang by 4.1% in the 4th quarter. Axim Planning & Wealth now owns 3,902,410 shares of the company’s stock valued at $65,560,000 after acquiring an additional 155,494 shares during the period. DNB Asset Management AS acquired a new stake in shares of EHang in the 4th quarter valued at approximately $605,000. Vanguard Group Inc. raised its position in shares of EHang by 1.6% in the 3rd quarter. Vanguard Group Inc. now owns 1,549,512 shares of the company’s stock valued at $27,922,000 after acquiring an additional 24,121 shares during the period. Carmignac Gestion raised its position in shares of EHang by 24.2% in the 3rd quarter. Carmignac Gestion now owns 1,869,210 shares of the company’s stock valued at $33,539,000 after acquiring an additional 363,962 shares during the period. Finally, Dfpg Investments LLC raised its holdings in EHang by 26.5% during the 4th quarter. Dfpg Investments LLC now owns 20,073 shares of the company’s stock worth $312,000 after buying an additional 4,205 shares during the period. 94.03% of the stock is currently owned by institutional investors and hedge funds.

EHang Company Profile

EHang Holdings Limited operates as an autonomous aerial vehicle (AAV) technology platform company in the People's Republic of China, East Asia, West Asia, Europe, and internationally. It designs, develops, manufactures, sells, and operates AAVs, as well as their supporting systems and infrastructure for various industries and applications, including passenger transportation, logistics, smart city management, and aerial media solutions.