EHang Holdings Limited (NASDAQ:EH) Short Interest Update

EHang Holdings Limited (NASDAQ:EH - Get Free Report) was the target of a significant decrease in short interest during the month of February. As of February 28th, there was short interest totalling 5,090,000 shares, a decrease of 17.1% from the February 13th total of 6,140,000 shares. Based on an average daily trading volume, of 2,030,000 shares, the short-interest ratio is currently 2.5 days. Currently, 13.3% of the shares of the company are short sold.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Quantbot Technologies LP grew its holdings in EHang by 78.2% during the 3rd quarter. Quantbot Technologies LP now owns 9,348 shares of the company's stock valued at $132,000 after buying an additional 4,101 shares in the last quarter. Verition Fund Management LLC purchased a new position in EHang during the third quarter valued at $508,000. Point72 Hong Kong Ltd bought a new stake in EHang in the 3rd quarter valued at $118,000. Point72 Asset Management L.P. bought a new position in shares of EHang during the 3rd quarter valued at about $104,000. Finally, State Street Corp boosted its holdings in shares of EHang by 1.2% during the 3rd quarter. State Street Corp now owns 1,299,186 shares of the company's stock valued at $18,370,000 after purchasing an additional 15,781 shares during the last quarter. Institutional investors own 94.03% of the company's stock.

EHang Price Performance

NASDAQ:EH traded up $0.39 during trading hours on Friday, hitting $23.05. 1,386,197 shares of the stock traded hands, compared to its average volume of 1,653,809. The stock has a 50 day moving average price of $20.73 and a 200 day moving average price of $17.13. The company has a quick ratio of 2.25, a current ratio of 2.39 and a debt-to-equity ratio of 0.01. The company has a market cap of $1.46 billion, a price-to-earnings ratio of -42.69 and a beta of 0.91. EHang has a 1 year low of $10.40 and a 1 year high of $29.76.

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Wall Street Analysts Forecast Growth

Separately, CICC Research assumed coverage on EHang in a report on Thursday, January 2nd. They set an "outperform" rating for the company.

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.