Ebang International (NASDAQ:EBON) Trading Up 0.2% – Should You Buy?

Ebang International Holdings Inc. (NASDAQ:EBON) shares rose 0.2% during mid-day trading on Monday . The stock traded as high as $4.58 and last traded at $4.59. Approximately 3,686 shares traded hands during mid-day trading, a decline of 85% from the average daily volume of 24,898 shares. The stock had previously closed at $4.58.

Ebang International Price Performance

The stock has a 50-day simple moving average of $5.39 and a two-hundred day simple moving average of $6.22.

Hedge Funds Weigh In On Ebang International

A hedge fund recently raised its stake in Ebang International stock. Renaissance Technologies LLC raised its position in shares of Ebang International Holdings Inc. (NASDAQ:EBON) by 18.1% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 55,027 shares of the company’s stock after purchasing an additional 8,414 shares during the quarter. Renaissance Technologies LLC owned 1.10% of Ebang International worth $315,000 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.