Ebang International (NASDAQ:EBON) Sets New 1-Year High at $6.03

Ebang International Holdings Inc. (NASDAQ:EBONGet Rating) reached a new 52-week high on Tuesday . The company traded as high as $6.03 and last traded at $5.94, with a volume of 2185 shares changing hands. The stock had previously closed at $6.63.

Ebang International Stock Performance

The business has a fifty day simple moving average of $0.46 and a two-hundred day simple moving average of $0.54.

Institutional Investors Weigh In On Ebang International

A number of institutional investors have recently added to or reduced their stakes in the stock. State Street Corp boosted its holdings in Ebang International by 6.3% during the first quarter. State Street Corp now owns 5,067,027 shares of the company’s stock valued at $5,878,000 after purchasing an additional 301,548 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of Ebang International by 31.6% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,418,709 shares of the company’s stock valued at $2,806,000 after acquiring an additional 580,723 shares during the last quarter. Renaissance Technologies LLC raised its stake in shares of Ebang International by 18.5% in the third quarter. Renaissance Technologies LLC now owns 1,015,100 shares of the company’s stock valued at $416,000 after acquiring an additional 158,500 shares during the last quarter. Invesco Ltd. raised its stake in shares of Ebang International by 9.9% in the first quarter. Invesco Ltd. now owns 387,144 shares of the company’s stock valued at $449,000 after acquiring an additional 34,745 shares during the last quarter. Finally, ExodusPoint Capital Management LP bought a new position in shares of Ebang International in the second quarter valued at approximately $139,000. 4.20% of the stock is owned by institutional investors and hedge funds.

About Ebang International

(Get Rating)

Ebang International Holdings Inc, through its subsidiaries, engages in the research, design, and development of application-specific integrated circuit chips and manufacture of Bitcoin mining machines under the Ebit brand in China, the United States, Hong Kong, and internationally. It also provides mining machine hosting services that enable customers to operate mining machines remotely; and routine maintenance services, as well as engages in the development of proprietary cryptocurrency exchange platform.

Further Reading

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