EHang Holdings Limited (NASDAQ:EH) Short Interest Down 17.1% in February

EHang Holdings Limited (NASDAQ:EH) was the recipient of a significant decrease in short interest in February. As of February 28th, there was short interest totalling 5,090,000 shares, a decrease of 17.1% from the February 13th total of 6,140,000 shares. Currently, 13.3% of the shares of the stock are sold short. Based on an average daily trading volume, of 2,030,000 shares, the days-to-cover ratio is currently 2.5 days.

Wall Street Analyst Weigh In

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

EHang Price Performance

Shares of EH stock traded down $0.58 during trading on Tuesday, hitting $24.68. The company had a trading volume of 1,454,051 shares, compared to its average volume of 1,701,635. The company has a quick ratio of 2.25, a current ratio of 2.39 and a debt-to-equity ratio of 0.01. The stock’s 50-day moving average is $20.02 and its two-hundred day moving average is $16.91. The stock has a market capitalization of $1.57 billion, a price-to-earnings ratio of -45.70 and a beta of 0.91. EHang has a 52 week low of $10.40 and a 52 week high of $29.76.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of EH. Quantbot Technologies LP grew its position in 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 acquiring an additional 4,101 shares during the last quarter. Verition Fund Management LLC bought a new position in EHang during the third quarter valued at approximately $508,000. Point72 Hong Kong Ltd bought a new position in EHang during the third quarter valued at approximately $118,000. Point72 Asset Management L.P. bought a new position in EHang during the third quarter valued at approximately $104,000. Finally, State Street Corp grew its position in EHang by 1.2% during the third quarter. State Street Corp now owns 1,299,186 shares of the company’s stock valued at $18,370,000 after acquiring an additional 15,781 shares during the last quarter. 94.03% of the stock is currently owned by institutional investors.

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.