Stock Traders Purchase Large Volume of Put Options on EHang (NASDAQ:EH)

EHang Holdings Limited (NASDAQ:EH) saw some unusual options trading on Wednesday. Stock investors bought 22,454 put options on the stock. This represents an increase of 150% compared to the typical volume of 8,979 put options.

EHang Trading Up 21.4 %

EH opened at $25.14 on Thursday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.25 and a current ratio of 2.39. EHang has a fifty-two week low of $9.73 and a fifty-two week high of $25.44. The company’s 50-day moving average is $15.89 and its 200 day moving average is $15.05.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of EH. Geode Capital Management LLC lifted its position in shares of EHang by 5.0% during the fourth quarter. Geode Capital Management LLC now owns 27,752 shares of the company’s stock valued at $437,000 after purchasing an additional 1,313 shares in the last quarter. Quantbot Technologies LP lifted its position in shares of EHang by 78.2% during the 3rd quarter. Quantbot Technologies LP now owns 9,348 shares of the company’s stock worth $132,000 after buying an additional 4,101 shares in the last quarter. JPMorgan Chase & Co. purchased a new position in shares of EHang in the 4th quarter worth approximately $79,000. Point72 Asset Management L.P. bought a new position in shares of EHang in the third quarter valued at approximately $104,000. Finally, Point72 Hong Kong Ltd purchased a new stake in shares of EHang during the third quarter valued at approximately $118,000. Institutional investors own 94.03% of the company’s stock.

Analyst Ratings Changes

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

About EHang

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.