Short Interest in Ebang International Holdings Inc. (NASDAQ:EBON) Rises By 16.8%

Ebang International Holdings Inc. (NASDAQ:EBON) saw a large growth in short interest during the month of March. As of March 31st, there was short interest totalling 58,500 shares, a growth of 16.8% from the March 15th total of 50,100 shares. Currently, 1.2% of the company’s stock are short sold. Based on an average daily trading volume, of 51,300 shares, the short-interest ratio is currently 1.1 days.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Vident Investment Advisory LLC boosted its stake in Ebang International by 162.7% in the first quarter. Vident Investment Advisory LLC now owns 26,475 shares of the company’s stock valued at $31,000 after acquiring an additional 16,396 shares in the last quarter. Renaissance Technologies LLC boosted its position in shares of Ebang International by 11.0% in the 1st quarter. Renaissance Technologies LLC now owns 39,513 shares of the company’s stock valued at $277,000 after purchasing an additional 3,900 shares during the period. UBS Group AG grew its stake in Ebang International by 307.7% during the 1st quarter. UBS Group AG now owns 190,588 shares of the company’s stock worth $221,000 after buying an additional 143,838 shares during the last quarter. Millennium Management LLC acquired a new position in Ebang International during the second quarter worth approximately $119,000. Finally, ExodusPoint Capital Management LP purchased a new stake in Ebang International in the second quarter valued at approximately $139,000. 1.15% of the stock is owned by hedge funds and other institutional investors.

Ebang International Stock Performance

Ebang International stock traded up $0.19 during mid-day trading on Tuesday, hitting $7.81. The company had a trading volume of 9,230 shares, compared to its average volume of 51,201. Ebang International has a 1 year low of $5.41 and a 1 year high of $18.94. The business has a fifty day moving average of $9.87 and a 200 day moving average of $9.21.

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.