Investors Buy Large Volume of Put Options on EHang (NASDAQ:EH)

EHang Holdings Limited (NASDAQ:EH) saw unusually large options trading on Friday. Stock investors purchased 13,613 put options on the company. This represents an increase of approximately 104% compared to the typical volume of 6,662 put options.

Institutional Trading of EHang

Large investors have recently bought and sold shares of the business. State Street Corp increased its holdings in shares of 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 in the last quarter. Point72 Asset Management L.P. acquired a new stake in EHang in the 3rd quarter valued at $104,000. Point72 Hong Kong Ltd bought a new stake in EHang during the 3rd quarter valued at $118,000. Verition Fund Management LLC acquired a new position in EHang during the third quarter worth $508,000. Finally, Quantbot Technologies LP lifted its stake in shares of EHang by 78.2% in the third 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 in the last quarter. 94.03% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on EH. CICC Research started coverage on shares of EHang in a research note on Thursday, January 2nd. They issued an “outperform” rating for the company. China Renaissance initiated coverage on shares of EHang in a research report on Tuesday, September 24th. They issued a “buy” rating for the company.

EHang Price Performance

EHang stock opened at $14.48 on Friday. The company has a market capitalization of $919.62 million, a PE ratio of -26.81 and a beta of 0.94. The company has a current ratio of 2.39, a quick ratio of 2.25 and a debt-to-equity ratio of 0.01. The stock has a 50-day moving average price of $15.50 and a two-hundred day moving average price of $14.59. EHang has a 12 month low of $9.51 and a 12 month high of $22.98.

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.