Ebang International (NASDAQ:EBON) Trading Up 0.2% – Should You Buy?

Ebang International Holdings Inc. (NASDAQ:EBONGet Free Report)’s share price shot up 0.2% during mid-day trading on Monday . The company traded as high as $4.58 and last traded at $4.59. 3,686 shares were traded during trading, a decline of 85% from the average session volume of 24,898 shares. The stock had previously closed at $4.58.

Ebang International Stock Performance

The stock has a 50 day simple moving average of $5.39 and a 200-day simple moving average of $6.22.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Ebang International stock. Citadel Advisors LLC acquired a new stake in shares of Ebang International Holdings Inc. (NASDAQ:EBONFree Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 17,168 shares of the company’s stock, valued at approximately $98,000. Citadel Advisors LLC owned 0.34% of Ebang International at the end of the most recent quarter. 1.15% of the stock is currently owned by institutional investors.

Ebang International Company Profile

(Get Free Report)

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.

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