EHang Sees Unusually Large Options Volume (NASDAQ:EH)

EHang Holdings Limited (NASDAQ:EH) was the recipient of some unusual options trading on Friday. Traders acquired 13,613 put options on the company. This is an increase of 104% compared to the typical daily volume of 6,662 put options.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. State Street Corp increased its holdings in EHang by 1.2% in the 3rd quarter. State Street Corp now owns 1,299,186 shares of the company’s stock worth $18,370,000 after buying an additional 15,781 shares during the period. Point72 Asset Management L.P. purchased a new position in shares of EHang during the third quarter worth $104,000. Point72 Hong Kong Ltd acquired a new stake in EHang during the 3rd quarter worth about $118,000. Verition Fund Management LLC purchased a new position in shares of EHang during the 3rd quarter valued at about $508,000. Finally, Quantbot Technologies LP lifted its holdings in shares of EHang by 78.2% in the 3rd quarter. Quantbot Technologies LP now owns 9,348 shares of the company’s stock valued at $132,000 after buying an additional 4,101 shares during the period. Institutional investors and hedge funds own 94.03% of the company’s stock.

EHang Stock Down 2.2 %

Shares of NASDAQ:EH traded down $0.33 during trading on Friday, reaching $14.37. The stock had a trading volume of 872,556 shares, compared to its average volume of 1,673,512. The firm’s 50-day simple moving average is $15.55 and its 200 day simple moving average is $14.59. The company has a current ratio of 2.39, a quick ratio of 2.25 and a debt-to-equity ratio of 0.01. EHang has a one year low of $9.51 and a one year high of $22.98. The company has a market capitalization of $912.64 million, a P/E ratio of -26.61 and a beta of 0.94.

Analysts Set New Price Targets

Several analysts have recently issued reports on the company. CICC Research started coverage on EHang in a report on Thursday, January 2nd. They set an “outperform” rating on the stock. China Renaissance began coverage on shares of EHang in a research report on Tuesday, September 24th. They set a “buy” rating on the stock.

About EHang

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.