EHang Holdings Limited (NASDAQ:EH) Sees Significant Decrease in Short Interest

EHang Holdings Limited (NASDAQ:EH) was the target of a significant decrease in short interest in the month of January. As of January 31st, there was short interest totalling 6,300,000 shares, a decrease of 8.4% from the January 15th total of 6,880,000 shares. Based on an average trading volume of 1,860,000 shares, the days-to-cover ratio is currently 3.4 days.

EHang Trading Up 3.1 %

NASDAQ EH opened at $26.34 on Wednesday. EHang has a one year low of $10.01 and a one year high of $29.76. The firm’s fifty day moving average is $16.92 and its two-hundred day moving average is $15.52. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.25 and a current ratio of 2.39. The firm has a market cap of $1.67 billion, a PE ratio of -48.78 and a beta of 0.94.

Analyst Ratings Changes

Separately, CICC Research started coverage on shares of EHang in a research note on Thursday, January 2nd. They issued an “outperform” rating for the company.

Institutional Trading of EHang

Hedge funds and other institutional investors have recently made changes to their positions in the company. Natixis purchased a new stake in shares of EHang during the 4th quarter worth $25,000. Tower Research Capital LLC TRC increased its stake in EHang by 247.0% in the 4th quarter. Tower Research Capital LLC TRC now owns 2,068 shares of the company’s stock valued at $33,000 after purchasing an additional 1,472 shares in the last quarter. JPMorgan Chase & Co. acquired a new stake in EHang in the fourth quarter valued at $79,000. Point72 Asset Management L.P. purchased a new stake in shares of EHang in the 3rd quarter worth about $104,000. Finally, Point72 Hong Kong Ltd acquired a new position in EHang during the third quarter worth about $118,000. Hedge funds and other institutional investors own 94.03% of the company’s stock.

EHang Company Profile

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.