Ebang International Holdings Inc. (NASDAQ:EBON) Sees Large Increase in Short Interest

Ebang International Holdings Inc. (NASDAQ:EBON) was the recipient of a significant growth in short interest during the month of December. As of December 31st, there was short interest totaling 35,474 shares, a growth of 320.9% from the December 15th total of 8,428 shares. Currently, 0.7% of the shares of the stock are sold short. Based on an average daily trading volume, of 29,773 shares, the days-to-cover ratio is presently 1.2 days. Based on an average daily trading volume, of 29,773 shares, the days-to-cover ratio is presently 1.2 days. Currently, 0.7% of the shares of the stock are sold short.

Ebang International Stock Up 1.6%

NASDAQ EBON traded up $0.06 on Tuesday, hitting $3.47. 906 shares of the company were exchanged, compared to its average volume of 5,612. Ebang International has a 1-year low of $2.95 and a 1-year high of $6.65. The firm has a 50 day moving average of $3.54 and a two-hundred day moving average of $4.08.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Ebang International in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock currently has an average rating of “Sell”.

Institutional Trading of Ebang International

A hedge fund recently raised its stake in Ebang International stock. Susquehanna International Group LLP lifted its stake in Ebang International Holdings Inc. (NASDAQ:EBON) by 18.9% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (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 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.