Ebang International Holdings Inc. (NASDAQ:EBON) Short Interest Up 16.8% in March

Ebang International Holdings Inc. (NASDAQ:EBON) saw a large increase in short interest during the month of March. As of March 31st, there was short interest totalling 58,500 shares, an increase of 16.8% from the March 15th total of 50,100 shares. Approximately 1.2% of the shares of the company are short sold. Based on an average daily trading volume, of 51,300 shares, the short-interest ratio is presently 1.1 days.

Institutional Trading of Ebang International

Several institutional investors have recently added to or reduced their stakes in EBON. Renaissance Technologies LLC raised its position in shares of Ebang International by 8.9% during the 2nd quarter. Renaissance Technologies LLC now owns 43,013 shares of the company’s stock worth $297,000 after purchasing an additional 3,500 shares during the period. ExodusPoint Capital Management LP bought a new position in Ebang International during the 2nd quarter worth $139,000. Millennium Management LLC acquired a new stake in Ebang International in the second quarter worth $119,000. State Street Corp lifted its stake in Ebang International by 6.3% in the first quarter. State Street Corp now owns 5,067,027 shares of the company’s stock valued at $5,878,000 after buying an additional 301,548 shares during the last quarter. Finally, Vident Investment Advisory LLC boosted its holdings in shares of Ebang International by 162.7% during the first quarter. Vident Investment Advisory LLC now owns 26,475 shares of the company’s stock valued at $31,000 after acquiring an additional 16,396 shares during the period. Institutional investors own 1.15% of the company’s stock.

Ebang International Stock Performance

Shares of EBON stock traded up $0.19 on Tuesday, hitting $7.81. 9,230 shares of the stock traded hands, compared to its average volume of 51,201. The company’s fifty day moving average is $9.87 and its 200 day moving average is $9.21. Ebang International has a 1-year low of $5.41 and a 1-year high of $18.94.

About Ebang International

Ebang International Holdings Inc, through its subsidiaries, engages in the research, design, and development of application-specific integrated circuit chips and manufacture of Bitcoin mining machines under the Ebit brand in Singapore, Hong Kong, Australia, the Bahamas, and internationally. It also provides mining machine hosting services; and engages in the development of proprietary cryptocurrency exchange platform.