Ebang International Holdings Inc (NASDAQ:EBON) is up in the pre-market trading session.
EBON is currently trading at 3.07 up 1.99% or $ 0.06 Yesterday 7 million shares have traded, much below its 30-day average volume of 18.88 million shares. The stock closed at $3.01 and moved within a range of $2.59 – $3.01.
EBON Misleading Claims
Ebang International Holdings Inc is accused of making materially false and misleading statements regarding the company’s business.
- EBON sales were declining but the statements show an increase in sales
- The company used the public offerings to buy low yields long-term bonds to an underwriter rather than to develop the company’s operations.
- EBON’s share price fell $0.12 (2.17%) and is at $5.41 per share on April 7, 2021, and fell further to $5.03 per share on April 8, 2021.
|SHARES OUTSTANDING||185.84 M|
|SHARE FLOAT (%)||129.34 M (69.60%)|
|% HELD BY INSTITUTIONS||5.80|
Recent Stock Performance
|+/- EMA(20)||3.71 (-18.87%)|
|+/- SMA(50)||5.85 (-48.55%)|
|+/- SMA(200)||6.58 (-54.26%)|
|CCI20||-98.9547||Sell||Chaikin Money Flow||0.0421||Neutral|
|MACD||-0.9395||Sell||Money Flow Index||23.2909||Sell|
|STOCH (14,3)||30.7692||Buy||STOCH RSI||1.0000||OverBought|