EHang Holdings Limited (NASDAQ:EH) Short Interest Down 5.8% in October

EHang Holdings Limited (NASDAQ:EH) was the target of a large drop in short interest in the month of October. As of October 31st, there was short interest totalling 8,280,000 shares, a drop of 5.8% from the October 15th total of 8,790,000 shares. Based on an average trading volume of 907,600 shares, the short-interest ratio is presently 9.1 days.

EHang Stock Up 4.0 %

EH traded up $0.57 during trading on Friday, reaching $14.95. The stock had a trading volume of 611,520 shares, compared to its average volume of 1,063,023. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.02 and a current ratio of 1.34. EHang has a 1-year low of $4.16 and a 1-year high of $25.78. The stock has a 50 day moving average of $16.25 and a two-hundred day moving average of $15.79.

EHang (NASDAQ:EH) last posted its quarterly earnings results on Thursday, August 17th. The company reported ($0.18) earnings per share (EPS) for the quarter. The company had revenue of $1.38 million during the quarter. EHang had a negative net margin of 617.93% and a negative return on equity of 264.94%.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group raised shares of EHang from a “neutral” rating to a “buy” rating and set a $30.50 price target on the stock in a research note on Monday, October 16th.

Institutional Trading of EHang

Large investors have recently added to or reduced their stakes in the company. Axim Planning & Wealth increased its stake in shares of EHang by 19.5% in the third quarter. Axim Planning & Wealth now owns 3,746,916 shares of the company’s stock worth $67,519,000 after acquiring an additional 610,568 shares during the last quarter. Vanguard Group Inc. boosted its holdings in EHang by 6.1% in the third quarter. Vanguard Group Inc. now owns 1,292,977 shares of the company’s stock worth $5,444,000 after purchasing an additional 74,680 shares in the last quarter. State Street Corp boosted its holdings in EHang by 80.8% in the second quarter. State Street Corp now owns 1,057,992 shares of the company’s stock worth $16,050,000 after purchasing an additional 472,960 shares in the last quarter. Carmignac Gestion boosted its holdings in EHang by 73.0% during the first quarter. Carmignac Gestion now owns 915,318 shares of the company’s stock valued at $10,004,000 after acquiring an additional 386,231 shares during the period. Finally, BlackRock Inc. boosted its holdings in EHang by 19.2% during the third quarter. BlackRock Inc. now owns 587,702 shares of the company’s stock valued at $2,474,000 after acquiring an additional 94,743 shares during the period. 16.49% 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.