Short Interest in Ebang International Holdings Inc. (NASDAQ:EBON) Decreases By 21.7%

Ebang International Holdings Inc. (NASDAQ:EBON) was the target of a significant drop in short interest in January. As of January 31st, there was short interest totalling 10,800 shares, a drop of 21.7% from the January 15th total of 13,800 shares. Approximately 0.2% of the company’s stock are sold short. Based on an average daily trading volume, of 53,600 shares, the days-to-cover ratio is currently 0.2 days.

Ebang International Stock Up 0.2 %

Shares of NASDAQ:EBON traded up $0.01 during mid-day trading on Friday, reaching $5.63. 3,755 shares of the stock were exchanged, compared to its average volume of 18,854. Ebang International has a one year low of $5.34 and a one year high of $14.19. The stock’s 50 day simple moving average is $6.30 and its 200-day simple moving average is $6.38.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Ebang International stock. Renaissance Technologies LLC raised its stake in Ebang International Holdings Inc. (NASDAQ:EBON) by 18.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 55,027 shares of the company’s stock after purchasing an additional 8,414 shares during the quarter. Renaissance Technologies LLC owned approximately 1.10% of Ebang International worth $315,000 at the end of the most recent reporting period. 1.15% of the stock is owned by institutional investors.

About Ebang International

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.