EHang Target of Unusually High Options Trading (NASDAQ:EH)

EHang Holdings Limited (NASDAQ:EH) was the target of some unusual options trading activity on Friday. Traders purchased 13,613 put options on the stock. This represents an increase of 104% compared to the average daily volume of 6,662 put options.

Hedge Funds Weigh In On EHang

Several institutional investors have recently modified their holdings of EH. Point72 Asset Management L.P. bought a new stake in EHang in the 3rd quarter valued at approximately $104,000. Point72 Hong Kong Ltd bought a new position in shares of EHang in the third quarter valued at $118,000. Quantbot Technologies LP increased its holdings in EHang by 78.2% during the third quarter. Quantbot Technologies LP now owns 9,348 shares of the company’s stock worth $132,000 after buying an additional 4,101 shares during the last quarter. XTX Topco Ltd bought a new stake in EHang during the second quarter worth $383,000. Finally, Verition Fund Management LLC bought a new position in shares of EHang in the 3rd quarter valued at about $508,000. 94.03% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on EH. China Renaissance assumed coverage on EHang in a research report on Tuesday, September 24th. They issued a “buy” rating for the company. CICC Research began coverage on EHang in a research report on Thursday, January 2nd. They set an “outperform” rating on the stock.

EHang Trading Down 1.5 %

Shares of EH opened at $14.48 on Friday. The stock has a fifty day moving average price of $15.50 and a two-hundred day moving average price of $14.59. 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 company has a market cap of $919.62 million, a price-to-earnings ratio of -26.81 and a beta of 0.94. EHang has a 52-week low of $9.51 and a 52-week high of $22.98.

About EHang

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.