Ebang International (NASDAQ:EBON) Shares Down 2.4% – What’s Next?

Ebang International Holdings Inc. (NASDAQ:EBON)’s stock price fell 2.4% during mid-day trading on Monday . The company traded as low as $3.25 and last traded at $3.25. 3,668 shares traded hands during mid-day trading, a decline of 84% from the average session volume of 23,370 shares. The stock had previously closed at $3.33.

Ebang International Stock Performance

The company has a 50-day moving average of $4.22 and a 200 day moving average of $5.78.

Hedge Funds Weigh In On Ebang International

A hedge fund recently bought a new stake in Ebang International stock. Citadel Advisors LLC acquired a new stake in Ebang International Holdings Inc. (NASDAQ:EBON) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 17,168 shares of the company’s stock, valued at approximately $98,000. Citadel Advisors LLC owned about 0.34% 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.