EBON stock was down 5.3% as of Monday morning. EBON Stock: 12 Things to Know About the Short-Seller Report Dragging Ebang Down, Analyst Ups Price Target Ahead of the April 14 Coinbase IPO >>> READ MORE, a blistering short seller report from Hindenburg Research, 7 Hot Stocks To Buy for an Explosion in Consumerism, Louis Navellier and the InvestorPlace Research Staff, Matt McCall and the InvestorPlace Research Staff. So far 787,145 shares have traded compared to average volume of 1,603,005 shares. Ebang International Holdings Inc (EBON) stock is trading at $4.42 as of 9:52 AM on Thursday, Dec 17, a rise of $0.15, or 3.51% from the previous closing price of $4.27. Source: stockphoto-graf / Shutterstock.com, EBON Stock: 11 Things to Know as Ebang Launches Cryptocurrency Exchange, Analyst Ups Price Target Ahead of the April 14 Coinbase IPO >>> READ MORE, Here’s Your Second Chance… Don’t Let This Mistake Cost You Millions. Ebang International Holdings Inc - Class A quote is equal to 6.385 USD at 2021-04-05. For AMTD, that past includes “fraud and self-dealing allegations,” as well as. All rights reserved. InvestorPlace.com keeps up with various cryptocurrencies and the general market around them. That report accuses Ebang of misappropriating company funds and repeatedly lying to investors; EBON stock is down more than 13% in trading today. That includes Bitcoin (CCC:BTC-USD), Ethereum (CCC:ETH-USD), and others. Ebang International Holdings Inc. finds support from accumulated volume at $6.90 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested. Nasdaq At the same time, the Company also expects to invest in data center constructions to provide support for Bitcoin mining activities. In early 2021, Ebang, a public-listed crypto miner firm has established its crypto exchange. Investors that are looking to keep up on crypto news today need not worry. Secondly, it’s not available to everyone that wants to take part in trading crypto. Yet its trading metrics aren’t listed on major crypto exchange trackers. Article printed from InvestorPlace Media, https://investorplace.com/2021/04/ebon-stock-11-things-to-know-as-ebang-launches-cryptocurrency-exchange/. “The official launch of our cryptocurrency exchange is the result of our continuing investment in research and development. Should you invest in Ebang International Holdings (NasdaqGS:EBON)? U.S. investors in the stock likely aren’t happy with the idea that the exchange isn’t open in the country despite shares being listed here. Is Marathon Digital Holdings the Best Way to Play Crypto? Copyright © 2021 InvestorPlace Media, LLC. The exchange currently isn't available in the U.S. Ebang International (NASDAQ:EBON) stock is taking a beating on Monday following news of the blockchain company launching its cryptocurrency exchange. 8 High-Risk Stocks to Buy That Are Worth Taking A Chance On. 2021 InvestorPlace Media, LLC. Ebang’s core business is in selling ASIC mining units to others looking to mine cryptocurrencies. These chips are designed to be efficient when mining cryptocurrencies. quotes delayed at least 15 minutes, all others at least 20 minutes. Here are the big takeaways from the Hindenburg Research report on Ebang International: On the date of publication, Vivian Medithi did not have (either directly or indirectly) any positions in the securities mentioned in this article. Ebang International Holdings Inc. (Nasdaq: EBON, the “Company,” “we” or “our”), a blockchain technology company in the global market, today announced its pricing of a best-effort follow-on public offering of 14 million units at a purchase price of US$6.10 per unit. February also saw Ebang raise $70 million in a follow-on public offering (FPO). 7 Hot Stocks To Buy for an Explosion in Consumerism, Louis Navellier and the InvestorPlace Research Staff, Matt McCall and the InvestorPlace Research Staff. Post Views: 708. Copyright © Based on our forecasts, a long-term increase is expected, the "EBON" stock price prognosis for 2026-03-27 is 27.823 USD. The official Reddit EBANG community. Dogecoin Price Predictions: Will DOGE Trade for Pennies or Dollars in 2021? To put that in perspective, the company’s daily average trading volume is roughly 21 million shares. And now it has started its crypto exchange launch. For Ebang, that past includes two lapsed Hong Kong IPOs, alleged involvement in a sales inflation scheme and the series of aforementioned stock offerings. Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. The company has raised approximately $374 million from U.S. investors since EBON stock came public in June of last year. Ebang, a crypto miner supplier has formally established her cryptocurrency exchange in early 2021. What Is the COIN Stock IPO Price Range? With the aid of its access to wafer foundry capacity, the company produces bitcoin mining machines for the cryptocurrency market. Ebang International (NASDAQ:EBON) is down in trading today following a blistering short seller report from Hindenburg Research. The launch of our cryptocurrency exchange business will not only expand the revenue sources from our cryptocurrency business, but also optimize the development of our blockchain industry chain.”. Thank you for your support and understanding.”. Volume today is light. Copyright © 2021 InvestorPlace Media, LLC. Either way, today’s news has EBON stock already seeing high levels of trading. What Is the COIN Stock IPO Price Range? ... For more information, please visit https://ir.ebang.com.cn/. "Ebang released its final miner in May 2019 and has since seen its sales dwindle to near-zero, delivering only 6,000 total miners in 1H20." The stock has traded between $4.36 and $4.60 so far today. Ebang International Holdings Inc is an application-specific integrated circuit, or ASIC, chip design company and a manufacturer of high performance Bitcoin mining machines. February 17, 2021. 1125 N. Charles St, Baltimore, MD 21201. Article printed from InvestorPlace Media, https://investorplace.com/2021/04/ebon-stock-12-things-to-know-about-the-short-seller-report-dragging-ebang-down/. If you are looking for stocks with good return, Ebang International Holdings Inc - Class A can be a profitable investment option. Furthermore, Hindenburg says Ebang’s cryptocurrency exchange “Ebonex,”, Per Hindenburg, “Ebonex volume data implies it is one of the largest spot exchanges in the world.”. Ebang International Holdings Inc. is an application-specific integrated circuit ASIC chip design company as well as manufacturer of Bitcoin mining machines. Ebang International Holdings is currently generating 0.6587% in daily expected returns and assumes 12.2147% risk (volatility on return distribution) over the 30 days horizon. -. What Did the Stock Market Do Today? All rights reserved. The firm is a publicly-listed institution that offers mining hardware on cryptos, such as Bitcoin. EBON stock was down nearly 13% in trading today on more than two times the average trading volume (54.5 million trades on the day, compared with an average daily volume of 21.4 million trades). 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