EHang Holdings Limited (NASDAQ:EH) Short Interest Up 15.3% in May

EHang Holdings Limited (NASDAQ:EHGet Free Report) was the recipient of a significant growth in short interest in the month of May. As of May 31st, there was short interest totalling 6,850,000 shares, a growth of 15.3% from the May 15th total of 5,940,000 shares. Based on an average daily trading volume, of 1,720,000 shares, the days-to-cover ratio is presently 4.0 days.

EHang Price Performance

Shares of NASDAQ EH opened at $14.03 on Tuesday. The firm’s 50-day moving average price is $17.08 and its 200-day moving average price is $15.33. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.69 and a current ratio of 1.97. EHang has a 12-month low of $9.51 and a 12-month high of $25.78.

EHang (NASDAQ:EHGet Free Report) last posted its quarterly earnings results on Monday, May 20th. The company reported ($0.14) EPS for the quarter. The company had revenue of $8.55 million during the quarter. EHang had a negative return on equity of 145.90% and a negative net margin of 176.72%. On average, equities research analysts expect that EHang will post -0.41 EPS for the current year.

Analyst Ratings Changes

Separately, Morgan Stanley initiated coverage on shares of EHang in a research note on Monday, May 6th. They set an “overweight” rating and a $27.50 target price on the stock.

Read Our Latest Stock Analysis on EH

Institutional Trading of EHang

Institutional investors and hedge funds have recently made changes to their positions in the company. Quadrature Capital Ltd raised its holdings in EHang by 187.3% in the third quarter. Quadrature Capital Ltd now owns 55,198 shares of the company’s stock worth $997,000 after purchasing an additional 35,983 shares in the last quarter. Lansdowne Partners UK LLP purchased a new stake in shares of EHang during the third quarter worth about $800,000. Carmignac Gestion raised its position in shares of EHang by 24.2% in the 3rd quarter. Carmignac Gestion now owns 1,869,210 shares of the company’s stock valued at $33,539,000 after purchasing an additional 363,962 shares during the last quarter. Vanguard Group Inc. boosted its stake in EHang by 1.6% in the 3rd quarter. Vanguard Group Inc. now owns 1,549,512 shares of the company’s stock worth $27,922,000 after purchasing an additional 24,121 shares in the last quarter. Finally, DNB Asset Management AS acquired a new position in EHang during the 4th quarter valued at approximately $605,000. 94.03% of the stock is currently owned by institutional investors.

EHang Company Profile

(Get Free Report)

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.

Further Reading

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