Ebang International Holdings Inc. (NASDAQ:EBON) Sees Significant Decline in Short Interest

Ebang International Holdings Inc. (NASDAQ:EBON) was the target of a significant decrease in short interest in the month of January. As of January 30th, there was short interest totaling 25,932 shares, a decrease of 16.6% from the January 15th total of 31,105 shares. Currently, 0.5% of the shares of the company are sold short. Based on an average daily volume of 4,512 shares, the short-interest ratio is currently 5.7 days. Based on an average daily volume of 4,512 shares, the short-interest ratio is currently 5.7 days. Currently, 0.5% of the shares of the company are sold short.

Analysts Set New Price Targets

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

Institutional Inflows and Outflows

An institutional investor recently raised its position in Ebang International stock. Susquehanna International Group LLP increased its position in Ebang International Holdings Inc. (NASDAQ:EBON) by 18.9% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 23,474 shares of the company’s stock after acquiring 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 owned by institutional investors and hedge funds.

Ebang International Stock Down 0.4%

Ebang International stock traded down $0.01 during midday trading on Monday, reaching $2.55. The company’s stock had a trading volume of 5,631 shares, compared to its average volume of 5,927. The business has a 50-day simple moving average of $3.20 and a 200-day simple moving average of $3.87. Ebang International has a fifty-two week low of $2.30 and a fifty-two week high of $5.90.

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.