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

Ebang International Holdings Inc. (NASDAQ:EBON) was the target of a large drop in short interest in the month of May. As of May 29th, there was short interest totaling 8,629 shares, a drop of 43.6% from the May 14th total of 15,299 shares. Currently, 0.2% of the company’s shares are sold short. Based on an average trading volume of 5,206 shares, the short-interest ratio is currently 1.7 days.

Ebang International Stock Performance

EBON stock traded up $0.17 during mid-day trading on Monday, hitting $2.17. 4,638 shares of the company were exchanged, compared to its average volume of 5,748. The firm’s 50 day simple moving average is $2.18 and its 200 day simple moving average is $2.67. Ebang International has a 1-year low of $1.61 and a 1-year high of $5.90.

Ebang International (NASDAQ:EBON) last announced its earnings results on Saturday, April 25th. The company reported ($0.76) EPS for the quarter. The business had revenue of $1.48 million for the quarter.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Ebang International in a research report on Friday, May 1st. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has an average rating of “Sell”.

Institutional Trading of Ebang International

A hedge fund recently raised its stake in Ebang International stock. Susquehanna International Group LLP grew its holdings in Ebang International Holdings Inc. (NASDAQ:EBON) by 18.9% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 23,474 shares of the company’s stock after purchasing an additional 3,733 shares during the period. Susquehanna International Group LLP’s holdings in Ebang International were worth $108,000 at the end of the most recent quarter. Institutional investors and hedge funds own 1.15% of the company’s stock.

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.