Ebang International (NASDAQ:EBON) Shares Down 4.4% – Here’s What Happened

Ebang International Holdings Inc. (NASDAQ:EBON)’s stock price was down 4.4% during trading on Monday . The stock traded as low as $3.55 and last traded at $3.6050. Approximately 2,308 shares were traded during mid-day trading, a decline of 73% from the average daily volume of 8,415 shares. The stock had previously closed at $3.77.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Ebang International in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock has an average rating of “Sell”.

Ebang International Stock Down 4.4%

The stock’s fifty day moving average is $4.56 and its two-hundred day moving average is $4.17.

Institutional Investors Weigh In On Ebang International

An institutional investor recently raised its position in Ebang International stock. Susquehanna International Group LLP increased its stake in Ebang International Holdings Inc. (NASDAQ:EBON) by 18.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 23,474 shares of the company’s stock after purchasing an additional 3,733 shares during the quarter. Susquehanna International Group LLP’s holdings in Ebang International were worth $108,000 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.