Short Interest in EHang Holdings Limited (NASDAQ:EH) Declines By 6.9%

EHang Holdings Limited (NASDAQ:EH) saw a large decrease in short interest during the month of December. As of December 31st, there was short interest totalling 6,060,000 shares, a decrease of 6.9% from the December 15th total of 6,510,000 shares. Based on an average daily volume of 1,900,000 shares, the short-interest ratio is presently 3.2 days.

EHang Price Performance

EH stock traded up $0.42 during midday trading on Monday, reaching $15.55. 1,358,787 shares of the company’s stock traded hands, compared to its average volume of 1,468,163. The company has a 50-day simple moving average of $15.26 and a two-hundred day simple moving average of $14.64. EHang has a 1-year low of $9.51 and a 1-year high of $22.98. The company has a market cap of $987.58 million, a price-to-earnings ratio of -28.80 and a beta of 0.94. The company has a quick ratio of 2.25, a current ratio of 2.39 and a debt-to-equity ratio of 0.01.

Wall Street Analyst Weigh In

EH has been the topic of a number of analyst reports. CICC Research initiated coverage on EHang in a report on Thursday, January 2nd. They set an “outperform” rating on the stock. China Renaissance initiated coverage on EHang in a report on Tuesday, September 24th. They set a “buy” rating on the stock.

Institutional Investors Weigh In On EHang

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. State Street Corp increased its stake in shares of EHang by 1.2% in the 3rd quarter. State Street Corp now owns 1,299,186 shares of the company’s stock valued at $18,370,000 after buying an additional 15,781 shares during the period. Point72 Asset Management L.P. acquired a new stake in shares of EHang in the 3rd quarter valued at $104,000. Point72 Hong Kong Ltd acquired a new stake in shares of EHang in the 3rd quarter valued at $118,000. Verition Fund Management LLC acquired a new stake in shares of EHang in the 3rd quarter valued at $508,000. Finally, Quantbot Technologies LP increased its stake in shares of EHang by 78.2% in the 3rd quarter. Quantbot Technologies LP now owns 9,348 shares of the company’s stock valued at $132,000 after buying an additional 4,101 shares during the period. 94.03% of the stock is owned by institutional investors and hedge funds.

EHang Company Profile

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.