EBON Stock: 12 Things to Know About the Short-Seller Report Dragging Ebang Down

investorplace2021-04-07

Ebang International(NASDAQ:EBON) is down in trading today followinga blistering short seller report from Hindenburg Research. That report accuses Ebang of misappropriating company funds and repeatedly...

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Comments

AntLiew
2021-04-08
AntLiew
Rumors really kills
开开心心好心情的兄弟
2021-04-07
开开心心好心情的兄弟
Love Tiger application
XMTX
2021-04-07
XMTX
Nice
MaeTan
2021-04-07
MaeTan
?
- MaeTan:
  ??
- MaddyLIM:
  Hold steady!

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That report accuses Ebang of misappropriating company funds and repeatedly...</p>\n\n<a href=\"https://investorplace.com/2021/04/ebon-stock-12-things-to-know-about-the-short-seller-report-dragging-ebang-down/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"EBON","symbol_name":"亿邦国际","start_time":0,"source_url":"https://investorplace.com/2021/04/ebon-stock-12-things-to-know-about-the-short-seller-report-dragging-ebang-down/","article_id":"1167292211","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1167292211","pubTimestamp":1617786765,"sourceInfo":{"source_id":"lsy1606302653667","name":"InvestorPlace"},"weMediaInfo":null,"summary":"Ebang International(NASDAQ:EBON) is down in trading today followinga blistering short seller report ","collect":0,"end_time":0,"defaultTopTitle":"investorplace.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"EBON":"亿邦国际"},"translate_title":"EBON股票：看空报告拖累Ebang下跌的12件事","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"EBON":0.9},"content_text":"Ebang International(NASDAQ:EBON) is down in trading today followinga blistering short seller report from Hindenburg Research. That report accuses Ebang of misappropriating company funds and repeatedly lying to investors; EBON stock is down more than 13% in trading today.\nSource: Jarretera / Shutterstock.com\nEbang is a Chinese company that sells cryptocurrency mining machines, as well as running its own cryptocurrency exchange and mining operations. The company has raised approximately $374 million from U.S. investors since EBON stock came public in June of last year.\nProceeds from those four stock offerings were supposed to go to developing business operations, but Hindenburg says its research indicates the cash flowed out of the company “through a series of opaque deals with insiders and questionable counterparties.”\nHere are the big takeaways from the Hindenburg Research report on Ebang International:\n\nEbang’s core business is in selling ASIC mining units to others looking to mine cryptocurrencies.\nHowever, the company released its final miner in May of 2019 and only delivered 6,000 total units in the first half of 2020.\nFurthermore, Hindenburg says Ebang’s cryptocurrency exchange “Ebonex,”officially launched yesterday, is reporting fictitious volumes.\nPer Hindenburg, “Ebonex volume data implies it is one of the largest spot exchanges in the world.”\nYet its trading metrics aren’t listed on major crypto exchange 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