EHang Holdings Limited (NASDAQ:EH - Get Free Report) was the target of a significant decline in short interest in the month of January. As of January 31st, there was short interest totalling 6,300,000 shares, a decline of 8.4% from the January 15th total of 6,880,000 shares. Based on an average daily trading volume, of 1,860,000 shares, the short-interest ratio is currently 3.4 days.
EHang Price Performance
NASDAQ:EH traded down $0.84 on Friday, hitting $25.23. The company had a trading volume of 3,812,672 shares, compared to its average volume of 2,293,735. The firm has a 50 day moving average of $17.36 and a two-hundred day moving average of $15.67. The stock has a market capitalization of $1.60 billion, a price-to-earnings ratio of -46.72 and a beta of 0.94. EHang has a 52 week low of $10.12 and a 52 week high of $29.76. The company has a current ratio of 2.39, a quick ratio of 2.25 and a debt-to-equity ratio of 0.01.
Institutional Inflows and Outflows
Hedge funds have recently made changes to their positions in the business. Invesco Ltd. grew its stake in EHang by 2.9% during the fourth quarter. Invesco Ltd. now owns 39,820 shares of the company's stock valued at $627,000 after acquiring an additional 1,112 shares in the last quarter. Geode Capital Management LLC raised its holdings in EHang by 5.0% during the 4th quarter. Geode Capital Management LLC now owns 27,752 shares of the company's stock valued at $437,000 after buying an additional 1,313 shares during the last quarter. Tower Research Capital LLC TRC raised its holdings in EHang by 247.0% in the 4th quarter. Tower Research Capital LLC TRC now owns 2,068 shares of the company's stock worth $33,000 after purchasing an additional 1,472 shares in the last quarter. Natixis purchased a new stake in shares of EHang in the 4th quarter worth about $25,000. Finally, Quantbot Technologies LP grew its position 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 purchasing an additional 4,101 shares during the last quarter. 94.03% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Separately, CICC Research began coverage on shares of EHang in a report on Thursday, January 2nd. They set an "outperform" rating for the company.
Check Out Our Latest Report on EHang
About EHang
(
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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.
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