EHang Holdings Limited (NASDAQ:EH) Short Interest Down 6.8% in October

EHang Holdings Limited (NASDAQ:EH) saw a large decrease in short interest during the month of October. As of October 31st, there was short interest totalling 5,850,000 shares, a decrease of 6.8% from the October 15th total of 6,280,000 shares. Based on an average trading volume of 1,740,000 shares, the short-interest ratio is presently 3.4 days.

EHang Stock Up 3.7 %

Shares of NASDAQ:EH opened at $17.16 on Monday. The company has a market capitalization of $1.09 billion, a price-to-earnings ratio of -28.53 and a beta of 0.99. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.12 and a quick ratio of 1.99. The business’s 50-day moving average is $15.50 and its 200-day moving average is $14.92. EHang has a 1 year low of $9.51 and a 1 year high of $22.98.

EHang (NASDAQ:EH) last posted its quarterly earnings results on Thursday, August 22nd. The company reported ($0.14) earnings per share for the quarter. EHang had a negative return on equity of 84.09% and a negative net margin of 110.21%. The firm had revenue of $14.04 million for the quarter. During the same quarter in the prior year, the business posted ($0.18) earnings per share. Equities research analysts predict that EHang will post -0.41 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Comerica Bank grew its holdings in EHang by 685.1% during the first quarter. Comerica Bank now owns 1,264 shares of the company’s stock valued at $26,000 after purchasing an additional 1,103 shares during the period. Point72 Asset Management L.P. purchased a new stake in EHang during the third quarter valued at about $104,000. Point72 Hong Kong Ltd purchased a new stake in EHang during the third quarter valued at about $118,000. Quantbot Technologies LP grew its stake in shares of EHang by 78.2% during the third quarter. Quantbot Technologies LP now owns 9,348 shares of the company’s stock valued at $132,000 after buying an additional 4,101 shares during the last quarter. Finally, XTX Topco Ltd bought a new stake in shares of EHang in the second quarter worth about $383,000. 94.03% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the company. UBS Group assumed coverage on EHang in a research note on Wednesday, August 28th. They issued a “buy” rating and a $22.00 price objective on the stock. China Renaissance assumed coverage on EHang in a research note on Tuesday, September 24th. They issued a “buy” rating on the stock.

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.