EHang Holdings Limited (NASDAQ:EH) Short Interest Update

EHang Holdings Limited (NASDAQ:EH) was the target of a large growth in short interest in September. As of September 30th, there was short interest totalling 6,430,000 shares, a growth of 17.3% from the September 15th total of 5,480,000 shares. Based on an average daily trading volume, of 1,400,000 shares, the days-to-cover ratio is presently 4.6 days.

Analyst Upgrades and Downgrades

EH has been the topic of a number of recent analyst reports. UBS Group initiated coverage on EHang in a research report on Wednesday, August 28th. They issued a “buy” rating and a $22.00 price objective on the stock. China Renaissance began coverage on EHang in a research report on Tuesday, September 24th. They set a “buy” rating for the company.

Hedge Funds Weigh In On EHang

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Comerica Bank grew its stake in EHang by 685.1% in the first quarter. Comerica Bank now owns 1,264 shares of the company’s stock worth $26,000 after purchasing an additional 1,103 shares during the period. Headlands Technologies LLC purchased a new stake in shares of EHang in the 1st quarter worth about $228,000. XTX Topco Ltd purchased a new position in EHang during the 2nd quarter valued at about $383,000. Nomura Holdings Inc. bought a new stake in EHang during the fourth quarter worth about $396,000. Finally, Russell Investments Group Ltd. purchased a new stake in EHang in the first quarter worth about $484,000. Hedge funds and other institutional investors own 94.03% of the company’s stock.

EHang Trading Up 1.1 %

Shares of NASDAQ:EH traded up $0.17 during trading on Wednesday, reaching $15.94. 907,756 shares of the company traded hands, compared to its average volume of 1,267,870. The company has a current ratio of 2.12, a quick ratio of 1.99 and a debt-to-equity ratio of 0.02. EHang has a 52-week low of $9.51 and a 52-week high of $22.98. The business’s fifty day moving average is $13.75 and its 200-day moving average is $15.12. The firm has a market capitalization of $1.01 billion, a price-to-earnings ratio of -25.44 and a beta of 1.01.

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

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.