EHang Holdings Limited (NASDAQ:EH) Short Interest Down 6.9% in December

EHang Holdings Limited (NASDAQ:EH) was the target of a large decrease in short interest in the month of December. As of December 31st, there was short interest totalling 6,060,000 shares, a decrease of 6.9% from the December 15th total of 6,510,000 shares. Based on an average daily volume of 1,900,000 shares, the days-to-cover ratio is presently 3.2 days.

Analyst Ratings Changes

A number of equities research analysts have weighed in on EH shares. CICC Research began coverage on shares of EHang in a research report on Thursday, January 2nd. They set an “outperform” rating for the company. China Renaissance initiated coverage on shares of EHang in a research report on Tuesday, September 24th. They set a “buy” rating for the company.

Institutional Trading of EHang

Several hedge funds have recently made changes to their positions in EH. Verition Fund Management LLC purchased a new stake in shares of EHang during the third quarter worth $508,000. XTX Topco Ltd acquired a new position in EHang during the 2nd quarter worth $383,000. SteelPeak Wealth LLC increased its holdings in EHang by 70.7% during the 3rd quarter. SteelPeak Wealth LLC now owns 67,110 shares of the company’s stock worth $949,000 after purchasing an additional 27,805 shares during the period. State Street Corp raised its position in EHang by 1.2% in the 3rd quarter. State Street Corp now owns 1,299,186 shares of the company’s stock valued at $18,370,000 after purchasing an additional 15,781 shares in the last quarter. Finally, Point72 Hong Kong Ltd purchased a new position in shares of EHang in the 3rd quarter valued at about $118,000. Institutional investors and hedge funds own 94.03% of the company’s stock.

EHang Trading Up 2.8 %

EH traded up $0.42 during mid-day trading on Friday, hitting $15.55. 1,358,787 shares of the stock were exchanged, compared to its average volume of 1,468,163. The firm’s fifty day moving average is $15.26 and its two-hundred day moving average is $14.64. EHang has a 1-year low of $9.51 and a 1-year high of $22.98. The company has a market cap of $987.58 million, a PE ratio of -28.80 and a beta of 0.94. The company has a current ratio of 2.39, a quick ratio of 2.25 and a debt-to-equity ratio of 0.01.

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.