Short Interest in EHang Holdings Limited (NASDAQ:EH) Decreases By 17.1%

EHang Holdings Limited (NASDAQ:EH) saw a significant decline in short interest in the month of February. As of February 28th, there was short interest totalling 5,090,000 shares, a decline of 17.1% from the February 13th total of 6,140,000 shares. Based on an average daily trading volume, of 2,030,000 shares, the days-to-cover ratio is currently 2.5 days. Currently, 13.3% of the company’s shares are short sold.

Institutional Investors Weigh In On EHang

A number of hedge funds and other institutional investors have recently bought and sold shares of EH. Natixis purchased a new stake in EHang in the fourth quarter worth about $25,000. Tower Research Capital LLC TRC lifted its stake in shares of EHang by 247.0% in the fourth quarter. Tower Research Capital LLC TRC now owns 2,068 shares of the company’s stock worth $33,000 after buying an additional 1,472 shares in the last quarter. JPMorgan Chase & Co. bought a new position in shares of EHang in the fourth quarter worth approximately $79,000. Point72 Asset Management L.P. bought a new position in EHang during the third quarter valued at approximately $104,000. Finally, Point72 Hong Kong Ltd bought a new position in EHang during the third quarter valued at approximately $118,000. Hedge funds and other institutional investors own 94.03% of the company’s stock.

Analyst Ratings Changes

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

EHang Price Performance

Shares of EH opened at $24.12 on Thursday. The stock has a market cap of $1.53 billion, a PE ratio of -44.67 and a beta of 0.91. 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 fifty-two week low of $10.40 and a fifty-two week high of $29.76. The firm’s 50-day simple moving average is $20.40 and its two-hundred day simple moving average is $17.03.

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.