Shares of Smart Share Global Limited (NYSE:EM – Get Free Report) traded up 0.9% during trading on Thursday . The stock traded as high as $1.16 and last traded at $1.15. 39,701 shares were traded during trading, a decline of 83% from the average session volume of 228,770 shares. The stock had previously closed at $1.14.
Smart Share Global Stock Performance
The business’s 50 day simple moving average is $1.28 and its 200-day simple moving average is $1.27. The company has a market cap of $291.57 million, a price-to-earnings ratio of 38.35 and a beta of 0.70.
Institutional Inflows and Outflows
Several hedge funds have recently modified their holdings of the business. Palliser Capital UK Ltd lifted its position in shares of Smart Share Global by 36.7% in the third quarter. Palliser Capital UK Ltd now owns 10,080,095 shares of the company’s stock worth $13,608,000 after buying an additional 2,706,180 shares during the last quarter. MASO CAPITAL PARTNERS Ltd raised its stake in shares of Smart Share Global by 12.3% in the 2nd quarter. MASO CAPITAL PARTNERS Ltd now owns 2,954,764 shares of the company’s stock valued at $3,368,000 after acquiring an additional 322,504 shares in the last quarter. Schonfeld Strategic Advisors LLC acquired a new stake in Smart Share Global in the 3rd quarter worth approximately $2,633,000. Verition Fund Management LLC bought a new stake in Smart Share Global during the third quarter worth approximately $335,000. Finally, Citadel Advisors LLC acquired a new position in Smart Share Global during the third quarter valued at approximately $186,000. Institutional investors and hedge funds own 83.96% of the company’s stock.
Smart Share Global Company Profile
Smart Share Global Ltd. (NYSE: EM) is a technology-driven provider of digital display solutions and integrated marketing services. Headquartered in Hong Kong, the company specializes in the research, development, production and distribution of smart display hardware and software platforms. Its offerings are designed to help businesses modernize customer engagement through high-definition screens, interactive kiosks and LED video walls, supported by a proprietary content management system.
The company’s product portfolio includes digital signage panels, interactive touchscreens and system-on-chip media players, complemented by software for real-time content scheduling, remote monitoring and performance analytics.
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