EHang Sees Unusually High Options Volume (NASDAQ:EH)

EHang Holdings Limited (NASDAQ:EH) was the target of some unusual options trading on Wednesday. Investors purchased 22,454 put options on the stock. This represents an increase of 150% compared to the typical daily volume of 8,979 put options.

Wall Street Analyst Weigh In

Separately, CICC Research initiated coverage on EHang in a research note on Thursday, January 2nd. They issued an “outperform” rating for the company.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in EH. JPMorgan Chase & Co. purchased a new position in EHang during the 4th quarter worth approximately $79,000. Point72 Asset Management L.P. acquired a new stake in EHang during the 3rd quarter worth $104,000. Point72 Hong Kong Ltd purchased a new position in EHang during the 3rd quarter worth $118,000. Quantbot Technologies LP increased its stake in EHang by 78.2% in the third 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 period. Finally, SBI Securities Co. Ltd. purchased a new stake in shares of EHang in the fourth quarter valued at about $431,000. 94.03% of the stock is owned by institutional investors and hedge funds.

EHang Stock Up 20.1 %

Shares of EH traded up $4.17 during midday trading on Wednesday, reaching $24.88. The stock had a trading volume of 5,556,926 shares, compared to its average volume of 1,986,299. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.39 and a quick ratio of 2.25. The company’s fifty day simple moving average is $15.89 and its two-hundred day simple moving average is $15.05. The company has a market cap of $1.58 billion, a price-to-earnings ratio of -46.07 and a beta of 0.94. EHang has a 1-year low of $9.73 and a 1-year high of $25.36.

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.