Ebang International Holdings Inc. (NASDAQ:EBON) Short Interest Update

Ebang International Holdings Inc. (NASDAQ:EBON) was the recipient of a significant decline in short interest in the month of August. As of August 31st, there was short interest totalling 22,500 shares, a decline of 7.8% from the August 15th total of 24,400 shares. Approximately 0.5% of the company’s shares are sold short. Based on an average daily trading volume, of 11,100 shares, the short-interest ratio is presently 2.0 days.

Ebang International Stock Down 6.7 %

Ebang International stock traded down $0.41 during mid-day trading on Wednesday, reaching $5.70. 30,813 shares of the company traded hands, compared to its average volume of 27,800. Ebang International has a 52-week low of $5.34 and a 52-week high of $18.94. The firm’s 50 day moving average price is $6.05 and its 200 day moving average price is $7.47.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Ebang International stock. Mirae Asset Global Investments Co. Ltd. purchased a new position in Ebang International Holdings Inc. (NASDAQ:EBON) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 47,599 shares of the company’s stock, valued at approximately $462,000. Mirae Asset Global Investments Co. Ltd. owned 0.95% of Ebang International as of its most recent SEC filing. Hedge funds and other institutional investors own 1.15% of the company’s stock.

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.