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

Ebang International Holdings Inc. (NASDAQ:EBON) saw a large increase in short interest during the month of June. As of June 30th, there was short interest totalling 24,800 shares, an increase of 61.0% from the June 15th total of 15,400 shares. Based on an average daily trading volume, of 13,300 shares, the short-interest ratio is presently 1.9 days. Approximately 0.5% of the shares of the stock are short sold.

Ebang International Price Performance

Shares of Ebang International stock traded up $0.10 during mid-day trading on Friday, reaching $6.43. 1,296 shares of the stock traded hands, compared to its average volume of 33,654. The business has a 50-day moving average of $7.52 and a 200 day moving average of $9.20. Ebang International has a fifty-two week low of $5.75 and a fifty-two week high of $18.94.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Ebang International stock. Mirae Asset Global Investments Co. Ltd. bought a new stake in Ebang International Holdings Inc. (NASDAQ:EBON) in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 47,599 shares of the company’s stock, valued at approximately $462,000. Mirae Asset Global Investments Co. Ltd. owned about 0.95% of Ebang International as of its most recent SEC filing. 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.