Ebang International Holdings Inc. (NASDAQ:EBON – Get Free Report) was the recipient of a significant decline in short interest in 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. Approximately 0.2% of the shares of the company are short sold. Based on an average daily trading volume, of 5,206 shares, the days-to-cover ratio is currently 1.7 days.
Ebang International Trading Down 9.9%
Shares of NASDAQ EBON opened at $2.00 on Friday. Ebang International has a fifty-two week low of $1.61 and a fifty-two week high of $5.90. The stock has a fifty day moving average of $2.18 and a 200-day moving average of $2.68.
Ebang International (NASDAQ:EBON – Get Free Report) last announced its quarterly earnings results on Saturday, April 25th. The company reported ($0.76) earnings per share for the quarter. The firm had revenue of $1.48 million during the quarter.
Analysts Set New Price Targets
Check Out Our Latest Stock Analysis on EBON
Institutional Investors Weigh In On Ebang International
An institutional investor recently raised its position in Ebang International stock. Susquehanna International Group LLP increased its holdings in Ebang International Holdings Inc. (NASDAQ:EBON – Free Report) by 18.9% during the third quarter, according to its most recent disclosure 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 as of its most recent SEC filing. 1.15% of the stock is currently owned by hedge funds and other institutional investors.
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.
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