Stock Traders Buy High Volume of EHang Put Options (NASDAQ:EH)

EHang Holdings Limited (NASDAQ:EH) was the target of unusually large options trading activity on Wednesday. Traders purchased 22,454 put options on the company. This represents an increase of approximately 150% compared to the typical volume of 8,979 put options.

Analysts Set New Price Targets

Separately, CICC Research started coverage on shares of EHang in a research note on Thursday, January 2nd. They issued an “outperform” rating on the stock.

EHang Stock Up 21.4 %

Shares of EH opened at $25.14 on Thursday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.25 and a current ratio of 2.39. EHang has a 1 year low of $9.73 and a 1 year high of $25.44. The stock’s fifty day moving average price is $15.89 and its two-hundred day moving average price is $15.05.

Institutional Investors Weigh In On EHang

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Geode Capital Management LLC increased its stake in shares of EHang by 5.0% in the fourth quarter. Geode Capital Management LLC now owns 27,752 shares of the company’s stock worth $437,000 after purchasing an additional 1,313 shares in the last quarter. Quantbot Technologies LP boosted its holdings in EHang by 78.2% in the 3rd quarter. Quantbot Technologies LP now owns 9,348 shares of the company’s stock worth $132,000 after buying an additional 4,101 shares during the period. JPMorgan Chase & Co. purchased a new position in EHang in the 4th quarter valued at approximately $79,000. Point72 Asset Management L.P. bought a new stake in EHang during the 3rd quarter valued at $104,000. Finally, Point72 Hong Kong Ltd purchased a new stake in shares of EHang during the third quarter worth $118,000. 94.03% of the stock is currently owned by institutional investors.

EHang Company Profile

EHang Holdings Limited operates as an autonomous aerial vehicle (AAV) technology platform company in the People's Republic of China, East Asia, West Asia, Europe, and internationally. It designs, develops, manufactures, sells, and operates AAVs, as well as their supporting systems and infrastructure for various industries and applications, including passenger transportation, logistics, smart city management, and aerial media solutions.