Ebang International Holdings Inc. (NASDAQ:EBON) Short Interest Down 20.0% in March

Ebang International Holdings Inc. (NASDAQ:EBON) saw a large drop in short interest during the month of March. As of March 15th, there was short interest totalling 10,800 shares, a drop of 20.0% from the February 28th total of 13,500 shares. Approximately 0.2% of the shares of the company are sold short. Based on an average daily volume of 19,800 shares, the days-to-cover ratio is currently 0.5 days.

Ebang International Stock Up 4.1 %

Ebang International stock traded up $0.16 during trading hours on Tuesday, reaching $4.01. 394 shares of the stock were exchanged, compared to its average volume of 23,918. The firm’s 50 day moving average is $5.01 and its 200 day moving average is $6.10. Ebang International has a 52-week low of $3.80 and a 52-week high of $10.94.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Ebang International stock. Renaissance Technologies LLC raised its holdings in shares of Ebang International Holdings Inc. (NASDAQ:EBON) by 18.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 55,027 shares of the company’s stock after acquiring an additional 8,414 shares during the quarter. Renaissance Technologies LLC owned approximately 1.10% of Ebang International worth $315,000 as of its most recent filing with the Securities and Exchange Commission. Institutional investors own 1.15% of the company’s stock.

About Ebang International

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.