Ebang International Holdings Inc. (NASDAQ:EBON) Short Interest Up 41.3% in October

Ebang International Holdings Inc. (NASDAQ:EBON) was the recipient of a large increase in short interest during the month of October. As of October 15th, there was short interest totalling 17,800 shares, an increase of 41.3% from the September 30th total of 12,600 shares. Approximately 0.4% of the shares of the stock are short sold. Based on an average trading volume of 14,500 shares, the days-to-cover ratio is currently 1.2 days.

Ebang International Price Performance

Shares of EBON traded up $0.69 during mid-day trading on Tuesday, hitting $6.64. 137,661 shares of the company traded hands, compared to its average volume of 27,202. The business has a 50-day moving average of $5.97 and a 200 day moving average of $6.71. Ebang International has a one year low of $5.34 and a one year high of $18.94.

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 13F filing with the SEC. The firm purchased 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. 1.15% of the stock is owned by hedge funds and other institutional investors.

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.