Ebang International Holdings Inc. (NASDAQ:EBON) Sees Significant Growth in Short Interest

Ebang International Holdings Inc. (NASDAQ:EBON) was the recipient of a large growth in short interest during the month of November. As of November 15th, there was short interest totalling 35,500 shares, a growth of 91.9% from the October 31st total of 18,500 shares. Based on an average trading volume of 38,000 shares, the days-to-cover ratio is currently 0.9 days. Approximately 0.7% of the company’s shares are sold short.

Ebang International Price Performance

Shares of EBON stock traded up $0.16 during trading hours on Thursday, reaching $7.45. 34,403 shares of the stock were exchanged, compared to its average volume of 31,766. Ebang International has a 12-month low of $5.34 and a 12-month high of $18.94. The company’s 50-day moving average price is $6.58 and its 200-day moving average price is $6.65.

About Ebang International

Ebang International Holdings Inc, through its subsidiaries, engages in the research, design, and development of application-specific integrated circuit chips and manufacture of Bitcoin mining machines under the Ebit brand in Singapore, Hong Kong, Australia, the Bahamas, and internationally. It also provides mining machine hosting services; and engages in the development of proprietary cryptocurrency exchange platform.