Ebang International Holdings Inc. (NASDAQ:EBON) Short Interest Down 12.3% in January

Ebang International Holdings Inc. (NASDAQ:EBON) was the target of a large decrease in short interest in January. As of January 15th, there was short interest totaling 31,105 shares, a decrease of 12.3% from the December 31st total of 35,474 shares. Based on an average trading volume of 5,648 shares, the days-to-cover ratio is presently 5.5 days. Based on an average trading volume of 5,648 shares, the days-to-cover ratio is presently 5.5 days.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Ebang International in a research note on Wednesday, January 21st. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company has a consensus rating of “Sell”.

Ebang International Stock Performance

NASDAQ EBON opened at $2.97 on Tuesday. The company has a fifty day moving average of $3.35 and a two-hundred day moving average of $4.00. Ebang International has a 1 year low of $2.93 and a 1 year high of $5.99.

Institutional Inflows and Outflows

A hedge fund recently raised its position in Ebang International stock. Susquehanna International Group LLP grew its holdings in Ebang International Holdings Inc. (NASDAQ:EBON) by 18.9% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 23,474 shares of the company’s stock after buying an additional 3,733 shares during the period. Susquehanna International Group LLP’s holdings in Ebang International were worth $108,000 at the end of the most recent reporting period. 1.15% of the stock is owned by institutional investors.

Ebang International Company Profile

Ebang International Holdings Inc is a China-based technology company that specializes in the design, development and sale of high-performance application-specific integrated circuit (ASIC) miner machines for cryptocurrency mining. In addition to its core hardware business, the company offers blockchain computing services and related technical support, enabling mining operations to optimize efficiency and manage large-scale deployments.

Founded in 2010 and headquartered in Hangzhou, Ebang has established research and development centers in major Chinese cities, including Beijing and Shanghai.