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

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

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Quantbot Technologies LP grew its holdings in shares of EHang by 78.2% during 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 during the last quarter. Point72 Asset Management L.P. purchased a new stake in EHang during the 3rd quarter valued at about $104,000. Point72 Hong Kong Ltd acquired a new position in shares of EHang in the third quarter valued at about $118,000. State Street Corp raised its stake in shares of EHang by 1.2% in the third quarter. State Street Corp now owns 1,299,186 shares of the company’s stock worth $18,370,000 after purchasing an additional 15,781 shares during the last quarter. Finally, SteelPeak Wealth LLC lifted its holdings in shares of EHang by 70.7% during the third quarter. SteelPeak Wealth LLC now owns 67,110 shares of the company’s stock worth $949,000 after purchasing an additional 27,805 shares during the period. 94.03% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

EH has been the subject of several analyst reports. CICC Research began coverage on shares of EHang in a report on Thursday, January 2nd. They issued an “outperform” rating for the company. China Renaissance assumed coverage on EHang in a research report on Tuesday, September 24th. They set a “buy” rating for the company.

EHang Stock Performance

EH stock opened at $14.48 on Friday. The firm has a 50-day simple moving average of $15.50 and a two-hundred day simple moving average of $14.60. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.25 and a current ratio of 2.39. EHang has a one year low of $9.51 and a one year high of $22.98. The firm has a market cap of $919.62 million, a price-to-earnings ratio of -26.81 and a beta of 0.94.

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.