Ebang International (NASDAQ:EBON) Trading Up 4.2%

Ebang International Holdings Inc. (NASDAQ:EBON)’s share price rose 4.2% on Monday . The stock traded as high as $8.49 and last traded at $8.38. Approximately 7,291 shares changed hands during mid-day trading, a decline of 84% from the average daily volume of 45,322 shares. The stock had previously closed at $8.04.

Ebang International Trading Up 4.2 %

The company has a 50 day moving average of $9.15 and a two-hundred day moving average of $9.28.

Institutional Trading of Ebang International

A hedge fund recently bought a new stake in Ebang International stock. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Ebang International Holdings Inc. (NASDAQ:EBON) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 47,599 shares of the company’s stock, valued at approximately $462,000. Mirae Asset Global Investments Co. Ltd. owned 0.95% of Ebang International at the end of the most recent quarter. Institutional investors own 1.15% of the company’s stock.

About Ebang International

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 Singapore, Hong Kong, Australia, the Bahamas, and internationally. It also provides mining machine hosting services; and engages in the development of proprietary cryptocurrency exchange platform.