EHang Holdings Limited (NASDAQ:EH) Short Interest Down 8.4% in January

EHang Holdings Limited (NASDAQ:EH) was the target of a large decrease in short interest in the month of January. As of January 31st, there was short interest totalling 6,300,000 shares, a decrease of 8.4% from the January 15th total of 6,880,000 shares. Based on an average trading volume of 1,860,000 shares, the short-interest ratio is currently 3.4 days.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of EH. Natixis purchased a new position in EHang in the fourth quarter valued at about $25,000. Tower Research Capital LLC TRC boosted its position in shares of EHang by 247.0% in the fourth quarter. Tower Research Capital LLC TRC now owns 2,068 shares of the company’s stock worth $33,000 after buying an additional 1,472 shares during the period. JPMorgan Chase & Co. purchased a new stake in shares of EHang during the 4th quarter valued at about $79,000. Point72 Asset Management L.P. purchased a new stake in shares of EHang during the 3rd quarter valued at about $104,000. Finally, Point72 Hong Kong Ltd purchased a new position in EHang in the 3rd quarter worth approximately $118,000. Hedge funds and other institutional investors own 94.03% of the company’s stock.

Analyst Ratings Changes

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

EHang Stock Performance

EHang stock opened at $26.34 on Wednesday. The company has a market cap of $1.67 billion, a price-to-earnings ratio of -48.78 and a beta of 0.94. EHang has a 12 month low of $10.01 and a 12 month high of $29.76. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.39 and a quick ratio of 2.25. The stock’s 50-day moving average is $16.92 and its 200-day moving average is $15.52.

EHang Company Profile

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.