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

Ebang International Holdings Inc. (NASDAQ:EBON) was the recipient of a significant drop in short interest in the month of March. As of March 15th, there was short interest totalling 10,800 shares, a drop of 20.0% from the February 28th total of 13,500 shares. Currently, 0.2% of the company’s 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 Stock Performance

Shares of Ebang International stock traded up $0.16 on Tuesday, reaching $4.01. 394 shares of the company were exchanged, compared to its average volume of 23,918. The stock’s 50 day moving average price is $5.01 and its 200-day moving average price is $6.10. Ebang International has a 1-year low of $3.80 and a 1-year high of $10.94.

Institutional Investors Weigh In On Ebang International

A hedge fund recently raised its stake in Ebang International stock. Renaissance Technologies LLC lifted its stake in Ebang International Holdings Inc. (NASDAQ:EBON) by 18.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 55,027 shares of the company’s stock after buying an additional 8,414 shares during the period. Renaissance Technologies LLC owned approximately 1.10% of Ebang International worth $315,000 at the end of the most recent quarter. Institutional investors own 1.15% of the company’s stock.

About Ebang International

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.