Short Interest in Ebang International Holdings Inc. (NASDAQ:EBON) Rises By 153.3%

Ebang International Holdings Inc. (NASDAQ:EBON) was the target of a large increase in short interest in September. As of September 15th, there was short interest totaling 15,200 shares, an increase of 153.3% from the August 31st total of 6,000 shares. Currently, 0.3% of the company’s shares are short sold. Based on an average trading volume of 20,500 shares, the days-to-cover ratio is currently 0.7 days. Based on an average trading volume of 20,500 shares, the days-to-cover ratio is currently 0.7 days. Currently, 0.3% of the company’s shares are short sold.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Ebang International in a research report on Saturday, September 27th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently has an average rating of “Sell”.

Ebang International Stock Performance

Shares of NASDAQ:EBON opened at $5.28 on Friday. Ebang International has a 52 week low of $3.00 and a 52 week high of $10.94. The firm has a 50 day simple moving average of $4.32 and a 200 day simple moving average of $3.98.

Institutional Investors Weigh In On Ebang International

An institutional investor recently bought a new position in Ebang International stock. Citadel Advisors LLC bought a new position in Ebang International Holdings Inc. (NASDAQ:EBON) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 17,168 shares of the company’s stock, valued at approximately $98,000. Citadel Advisors LLC owned approximately 0.34% of Ebang International as of its most recent SEC filing. 1.15% of the stock is owned by hedge funds and other institutional investors.

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.