Short Interest in Ebang International Holdings Inc. (NASDAQ:EBON) Increases By 320.9%

Ebang International Holdings Inc. (NASDAQ:EBON) was the target of a significant growth in short interest in 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. 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 company’s stock are sold short. Currently, 0.7% of the company’s 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.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Ebang International stock. Susquehanna International Group LLP grew its position in shares of Ebang International Holdings Inc. (NASDAQ:EBON) by 18.9% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund 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 and Exchange Commission (SEC). Hedge funds and other institutional investors own 1.15% of the company’s stock.

Ebang International Stock Performance

Ebang International stock opened at $3.46 on Thursday. Ebang International has a 12 month low of $2.95 and a 12 month high of $6.65. The company’s fifty day simple moving average is $3.51 and its 200-day simple moving average is $4.08.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued 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.