Ebang International Holdings Inc. (NASDAQ:EBON) Short Interest Up 320.9% in December

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

Institutional Trading of Ebang International

An institutional investor recently raised its position in Ebang International stock. Susquehanna International Group LLP lifted its stake in Ebang International Holdings Inc. (NASDAQ:EBON) by 18.9% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 23,474 shares of the company’s stock after buying an additional 3,733 shares during the quarter. Susquehanna International Group LLP’s holdings in Ebang International were worth $108,000 as of its most recent filing with the Securities & Exchange Commission. Institutional investors own 1.15% of the company’s stock.

Ebang International Trading Up 0.9%

Shares of NASDAQ EBON traded up $0.03 during trading on Wednesday, reaching $3.44. The company had a trading volume of 1,545 shares, compared to its average volume of 5,245. Ebang International has a 52 week low of $2.95 and a 52 week high of $6.65. The business’s 50 day moving average price is $3.52 and its 200-day moving average price is $4.08.

Analyst Ratings Changes

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

About Ebang International

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.