Ebang International Holdings Inc. (NASDAQ:EBON) Short Interest Update

Ebang International Holdings Inc. (NASDAQ:EBON) saw a large decline in short interest in March. As of March 13th, there was short interest totaling 15,635 shares, a decline of 23.5% from the February 26th total of 20,427 shares. Approximately 0.3% of the shares of the stock are short sold. Based on an average trading volume of 5,466 shares, the days-to-cover ratio is presently 2.9 days.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Ebang International in a research note on Wednesday, January 21st. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Sell”.

Ebang International Stock Up 6.4%

Shares of EBON stock traded up $0.11 during trading on Monday, hitting $1.84. 5,493 shares of the stock traded hands, compared to its average volume of 5,063. Ebang International has a 52-week low of $1.72 and a 52-week high of $5.90. The firm’s fifty day moving average price is $2.64 and its 200-day moving average price is $3.53.

Institutional Investors Weigh In On Ebang International

A hedge fund recently raised its stake in Ebang International stock. Susquehanna International Group LLP boosted its holdings in Ebang International Holdings Inc. (NASDAQ:EBON) by 18.9% during the 3rd quarter, according to its most recent disclosure 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 at the end of the most recent quarter. 1.15% of the stock is owned by institutional investors and hedge funds.

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.