EHang Holdings Limited (NASDAQ:EH – Get Free Report) was the recipient of a significant decrease in short interest in October. As of October 31st, there was short interest totalling 8,280,000 shares, a decrease of 5.8% from the October 15th total of 8,790,000 shares. Based on an average daily volume of 907,600 shares, the days-to-cover ratio is presently 9.1 days.
Analysts Set New Price Targets
Separately, The Goldman Sachs Group upgraded EHang from a “neutral” rating to a “buy” rating and set a $30.50 price objective for the company in a research note on Monday, October 16th.
Institutional Investors Weigh In On EHang
EHang Price Performance
Shares of NASDAQ EH opened at $14.95 on Friday. EHang has a twelve month low of $4.16 and a twelve month high of $25.78. The company has a current ratio of 1.34, a quick ratio of 1.02 and a debt-to-equity ratio of 0.03. The stock has a 50 day moving average of $16.21 and a two-hundred day moving average of $15.86. The stock has a market cap of $870.54 million, a P/E ratio of -17.38 and a beta of 0.93.
EHang (NASDAQ:EH – Get Free Report) last released its quarterly earnings results on Thursday, August 17th. The company reported ($0.18) EPS for the quarter. EHang had a negative return on equity of 264.94% and a negative net margin of 617.93%. The company had revenue of $1.38 million for the quarter.
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.
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