EHang Holdings Limited (NASDAQ:EH) Short Interest Down 5.8% in October

EHang Holdings Limited (NASDAQ:EH) 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

Large investors have recently modified their holdings of the stock. Axim Planning & Wealth raised its stake in shares of EHang by 3.0% during the second quarter. Axim Planning & Wealth now owns 3,136,348 shares of the company’s stock worth $47,578,000 after purchasing an additional 91,719 shares during the last quarter. Carmignac Gestion grew its holdings in EHang by 73.0% during the first quarter. Carmignac Gestion now owns 915,318 shares of the company’s stock worth $10,004,000 after acquiring an additional 386,231 shares during the period. Itau Unibanco Holding S.A. grew its holdings in EHang by 60.0% during the second quarter. Itau Unibanco Holding S.A. now owns 1,934 shares of the company’s stock worth $29,000 after acquiring an additional 725 shares during the period. Tower Research Capital LLC TRC grew its holdings in EHang by 290.4% during the third quarter. Tower Research Capital LLC TRC now owns 1,382 shares of the company’s stock worth $25,000 after acquiring an additional 1,028 shares during the period. Finally, Quadrature Capital Ltd grew its holdings in EHang by 187.3% during the third quarter. Quadrature Capital Ltd now owns 55,198 shares of the company’s stock worth $997,000 after acquiring an additional 35,983 shares during the period. Hedge funds and other institutional investors own 16.49% of the company’s stock.

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) 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.