Short Interest in Ebang International Holdings Inc. (NASDAQ:EBON) Drops By 56.8%

Ebang International Holdings Inc. (NASDAQ:EBON) saw a large decline in short interest in the month of September. As of September 30th, there was short interest totalling 12,600 shares, a decline of 56.8% from the September 15th total of 29,200 shares. Currently, 0.3% of the company’s shares are short sold. Based on an average daily trading volume, of 12,800 shares, the days-to-cover ratio is currently 1.0 days.

Institutional Investors Weigh In On Ebang International

An institutional investor recently bought a new position in Ebang International stock. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Ebang International Holdings Inc. (NASDAQ:EBON) in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 47,599 shares of the company’s stock, valued at approximately $462,000. Mirae Asset Global Investments Co. Ltd. owned 0.95% of Ebang International as of its most recent filing with the Securities & Exchange Commission. Hedge funds and other institutional investors own 1.15% of the company’s stock.

Ebang International Stock Up 4.2 %

Shares of NASDAQ:EBON traded up $0.24 during trading on Friday, hitting $5.89. 24,229 shares of the company’s stock were exchanged, compared to its average volume of 26,871. Ebang International has a 1-year low of $5.34 and a 1-year high of $18.94. The firm has a 50-day moving average price of $5.91 and a two-hundred day moving average price of $7.04.

Ebang International Company Profile

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.