EHang Holdings Limited (NASDAQ:EH) Short Interest Update

EHang Holdings Limited (NASDAQ:EH - Get Free Report) was the target of a significant drop in short interest in October. As of October 31st, there was short interest totalling 5,850,000 shares, a drop of 6.8% from the October 15th total of 6,280,000 shares. Based on an average daily trading volume, of 1,740,000 shares, the days-to-cover ratio is presently 3.4 days.

Institutional Trading of EHang

Institutional investors and hedge funds have recently bought and sold shares of the stock. State Street Corp raised its stake in 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 period. Point72 Asset Management L.P. acquired a new position in EHang during the third quarter valued at $104,000. Point72 Hong Kong Ltd purchased a new stake in EHang in the 3rd quarter worth about $118,000. Verition Fund Management LLC acquired a new stake in EHang during the 3rd quarter worth about $508,000. Finally, Quantbot Technologies LP grew its stake 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 acquiring an additional 4,101 shares in the last quarter. Institutional investors and hedge funds own 94.03% of the company's stock.

Analyst Ratings Changes

Several analysts recently weighed in on the company. China Renaissance started coverage on EHang in a report on Tuesday, September 24th. They issued a "buy" rating for the company. UBS Group started coverage on EHang in a research report on Wednesday, August 28th. They issued a "buy" rating and a $22.00 target price on the stock.

EHang Price Performance

NASDAQ:EH traded down $1.16 during mid-day trading on Monday, reaching $15.39. 4,621,323 shares of the stock were exchanged, compared to its average volume of 1,344,663. The company has a current ratio of 2.12, a quick ratio of 1.99 and a debt-to-equity ratio of 0.02. The business has a fifty day moving average price of $15.50 and a 200 day moving average price of $14.92. EHang has a 1-year low of $9.51 and a 1-year high of $22.98. The firm has a market capitalization of $977.36 million, a PE ratio of -26.53 and a beta of 0.99.

EHang (NASDAQ:EH - Get Free Report) last released its earnings results on Thursday, August 22nd. The company reported ($0.14) EPS for the quarter. The business had revenue of $14.04 million during the quarter. EHang had a negative return on equity of 84.09% and a negative net margin of 110.21%. During the same quarter in the prior year, the firm earned ($0.18) EPS. Research analysts expect that EHang will post -0.41 earnings per share for the current fiscal year.

About EHang

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.