Short Interest in Ebang International Holdings Inc. (NASDAQ:EBON) Decreases By 20.0%

Ebang International Holdings Inc. (NASDAQ:EBON) was the recipient of a significant decline in short interest during the month of March. As of March 15th, there was short interest totalling 10,800 shares, a decline of 20.0% from the February 28th total of 13,500 shares. Approximately 0.2% of the shares of the stock are short sold. Based on an average daily volume of 19,800 shares, the short-interest ratio is presently 0.5 days.

Ebang International Trading Down 0.2 %

Shares of Ebang International stock opened at $4.05 on Monday. Ebang International has a 12 month low of $4.04 and a 12 month high of $10.94. The business’s 50-day moving average price is $5.06 and its 200-day moving average price is $6.11.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Ebang International stock. Citadel Advisors LLC bought a new position in Ebang International Holdings Inc. (NASDAQ:EBON) during the fourth quarter, according to the company in its most recent filing with the SEC. The firm bought 17,168 shares of the company’s stock, valued at approximately $98,000. Citadel Advisors LLC owned 0.34% of Ebang International as of its most recent SEC filing. Institutional investors own 1.15% of the company’s stock.

Ebang International Company Profile

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.