Ebang International Holdings Inc. (NASDAQ:EBON) Sees Large Increase in Short Interest

Ebang International Holdings Inc. (NASDAQ:EBON) was the target of a large increase in short interest during the month of March. As of March 15th, there was short interest totalling 50,100 shares, an increase of 93.4% from the February 29th total of 25,900 shares. Based on an average daily trading volume, of 83,800 shares, the days-to-cover ratio is currently 0.6 days. Currently, 1.0% of the company’s stock are sold short.

Ebang International Stock Up 7.1 %

Shares of Ebang International stock traded up $0.64 during trading on Thursday, hitting $9.70. 75,933 shares of the stock traded hands, compared to its average volume of 58,073. Ebang International has a twelve month low of $5.30 and a twelve month high of $18.94. The company has a fifty day moving average price of $9.91 and a two-hundred day moving average price of $9.06.

Institutional Investors Weigh In On Ebang International

Several institutional investors and hedge funds have recently added to or reduced their stakes in EBON. Renaissance Technologies LLC lifted its holdings in Ebang International by 81.1% in the 2nd quarter. Renaissance Technologies LLC now owns 856,600 shares of the company’s stock worth $343,000 after purchasing an additional 383,500 shares during the last quarter. ExodusPoint Capital Management LP bought a new position in Ebang International in the 2nd quarter worth approximately $139,000. State Street Corp increased its position in Ebang International by 6.3% in the 1st quarter. State Street Corp now owns 5,067,027 shares of the company’s stock worth $5,878,000 after buying an additional 301,548 shares during the period. Millennium Management LLC bought a new position in Ebang International in the 2nd quarter worth approximately $119,000. Finally, UBS Group AG increased its position in Ebang International by 307.7% in the 1st quarter. UBS Group AG now owns 190,588 shares of the company’s stock worth $221,000 after buying an additional 143,838 shares during the period. 1.15% of the stock is currently owned by institutional investors and hedge funds.

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.