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

EHang Holdings Limited (NASDAQ:EHGet Free Report) was the target of some unusual options trading on Monday. Stock traders acquired 2,648 put options on the stock. This represents an increase of approximately 15% compared to the average volume of 2,296 put options.

EHang Price Performance

NASDAQ:EH opened at $17.80 on Wednesday. EHang has a one year low of $9.18 and a one year high of $25.78. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.57 and a current ratio of 1.81. The stock has a market cap of $1.04 billion, a PE ratio of -25.43 and a beta of 1.04. The stock has a 50 day moving average price of $12.94 and a 200 day moving average price of $14.97.

Institutional Investors Weigh In On EHang

Several hedge funds and other institutional investors have recently added to or reduced their stakes in EH. Axim Planning & Wealth increased its stake in EHang by 19.5% during the third quarter. Axim Planning & Wealth now owns 3,746,916 shares of the company’s stock worth $67,519,000 after acquiring an additional 610,568 shares during the last quarter. State Street Corp grew its stake in shares of EHang by 80.8% in the second quarter. State Street Corp now owns 1,057,992 shares of the company’s stock valued at $16,050,000 after buying an additional 472,960 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in shares of EHang by 3,021.7% in the first quarter. Goldman Sachs Group Inc. now owns 395,550 shares of the company’s stock valued at $4,743,000 after buying an additional 382,879 shares in the last quarter. Carmignac Gestion grew its stake in shares of EHang by 24.2% in the third quarter. Carmignac Gestion now owns 1,869,210 shares of the company’s stock valued at $33,539,000 after buying an additional 363,962 shares in the last quarter. Finally, Dorsey Wright & Associates acquired a new stake in shares of EHang in the third quarter valued at $1,789,000. Institutional investors and hedge funds own 94.03% of the company’s stock.

About EHang

(Get Free Report)

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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