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

Ebang International Holdings Inc. (NASDAQ:EBON) saw a large decrease in short interest in January. As of January 31st, there was short interest totalling 10,800 shares, a decrease of 21.7% from the January 15th total of 13,800 shares. Based on an average daily trading volume, of 53,600 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.2% of the company’s stock are sold short.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Ebang International stock. Citadel Advisors LLC purchased a new stake in Ebang International Holdings Inc. (NASDAQ:EBON) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 17,168 shares of the company’s stock, valued at approximately $98,000. Citadel Advisors LLC owned about 0.34% of Ebang International as of its most recent SEC filing. 1.15% of the stock is owned by institutional investors.

Ebang International Trading Up 0.2 %

EBON traded up $0.01 on Monday, hitting $5.63. 3,755 shares of the company were exchanged, compared to its average volume of 18,854. The firm has a 50-day moving average price of $6.30 and a two-hundred day moving average price of $6.38. Ebang International has a twelve month low of $5.34 and a twelve month high of $14.19.

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.