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

Ebang International Holdings Inc. (NASDAQ:EBON)’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:EBON) 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

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.