EHang Holdings Limited (NASDAQ:EH) Sees Large Drop in Short Interest

EHang Holdings Limited (NASDAQ:EH) saw a significant decrease in short interest in January. As of January 31st, there was short interest totalling 6,300,000 shares, a decrease 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.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of EH. Verition Fund Management LLC acquired a new position in EHang during the third quarter valued at approximately $508,000. Baader Bank Aktiengesellschaft boosted its position in shares of EHang by 22.8% during the fourth quarter. Baader Bank Aktiengesellschaft now owns 178,000 shares of the company’s stock worth $2,803,000 after purchasing an additional 33,000 shares in the last quarter. State Street Corp grew its holdings in shares of EHang by 1.2% in the 3rd quarter. State Street Corp now owns 1,299,186 shares of the company’s stock valued at $18,370,000 after buying an additional 15,781 shares during the period. SteelPeak Wealth LLC increased its position in shares of EHang by 70.7% in the 3rd quarter. SteelPeak Wealth LLC now owns 67,110 shares of the company’s stock valued at $949,000 after buying an additional 27,805 shares in the last quarter. Finally, Quantbot Technologies LP lifted its position in EHang by 78.2% in 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 own 94.03% of the company’s stock.

EHang Price Performance

Shares of NASDAQ EH traded down $0.25 during trading on Monday, reaching $25.56. The company had a trading volume of 4,856,868 shares, compared to its average volume of 1,498,738. EHang has a 52 week low of $9.90 and a 52 week high of $29.76. The business’s 50 day moving average price is $16.71 and its 200-day moving average price is $15.42. The stock has a market cap of $1.62 billion, a PE ratio of -47.33 and a beta of 0.94. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.25 and a current ratio of 2.39.

Analyst Upgrades and Downgrades

Separately, CICC Research began coverage on EHang in a report on Thursday, January 2nd. They issued an “outperform” rating on the stock.

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.