EHang Holdings Limited (NASDAQ:EH) Sees Large Decrease in Short Interest

EHang Holdings Limited (NASDAQ:EH) saw a large decline in short interest in February. As of February 28th, there was short interest totalling 5,090,000 shares, a decline of 17.1% from the February 13th total of 6,140,000 shares. Based on an average trading volume of 2,030,000 shares, the short-interest ratio is currently 2.5 days. Approximately 13.3% of the company’s stock are sold short.

Institutional Trading of EHang

Institutional investors and hedge funds have recently bought and sold shares of the business. Invesco Ltd. raised its position in EHang by 2.9% during the 4th quarter. Invesco Ltd. now owns 39,820 shares of the company’s stock worth $627,000 after buying an additional 1,112 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of EHang by 5.0% during the 4th quarter. Geode Capital Management LLC now owns 27,752 shares of the company’s stock worth $437,000 after purchasing an additional 1,313 shares during the period. Tower Research Capital LLC TRC grew its stake in shares of EHang by 247.0% during the 4th quarter. Tower Research Capital LLC TRC now owns 2,068 shares of the company’s stock worth $33,000 after purchasing an additional 1,472 shares during the period. Natixis acquired a new position in shares of EHang during the 4th quarter worth $25,000. Finally, Quantbot Technologies LP grew its stake in shares of EHang by 78.2% during the 3rd quarter. Quantbot Technologies LP now owns 9,348 shares of the company’s stock worth $132,000 after purchasing an additional 4,101 shares during the period. Hedge funds and other institutional investors own 94.03% of the company’s stock.

Wall Street Analyst Weigh In

Separately, CICC Research started coverage on shares of EHang in a research report on Thursday, January 2nd. They set an “outperform” rating for the company.

EHang Stock Performance

EH stock traded down $0.56 on Wednesday, hitting $24.12. The company’s stock had a trading volume of 1,524,637 shares, compared to its average volume of 1,677,616. The firm has a 50 day moving average of $20.21 and a two-hundred day moving average of $16.98. EHang has a 1 year low of $10.40 and a 1 year high of $29.76. The stock has a market cap of $1.53 billion, a price-to-earnings ratio of -44.67 and a beta of 0.91. The company has a current ratio of 2.39, a quick ratio of 2.25 and a debt-to-equity ratio of 0.01.

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.