Ebang International (NASDAQ:EBON) Trading 4.2% Higher

Ebang International Holdings Inc. (NASDAQ:EBON) shares traded up 4.2% during mid-day trading on Monday . The stock traded as high as $8.49 and last traded at $8.38. 7,291 shares traded hands during trading, a decline of 84% from the average session volume of 45,322 shares. The stock had previously closed at $8.04.

Ebang International Stock Performance

The stock has a fifty day moving average price of $9.15 and a 200 day moving average price of $9.28.

Institutional Investors Weigh In On Ebang International

An institutional investor recently bought a new position in Ebang International stock. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Ebang International Holdings Inc. (NASDAQ:EBON) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 47,599 shares of the company’s stock, valued at approximately $462,000. Mirae Asset Global Investments Co. Ltd. owned 0.95% of Ebang International at the end of the most recent quarter. 1.15% of the stock is owned by hedge funds and other institutional investors.

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.