Smart Share Global (NYSE:EM) Trading 0.9% Higher – Here’s What Happened

Smart Share Global Limited (NYSE:EM)’s share price was up 0.9% on Thursday . The company traded as high as $1.16 and last traded at $1.15. Approximately 39,701 shares traded hands during trading, a decline of 83% from the average daily volume of 228,770 shares. The stock had previously closed at $1.14.

Smart Share Global Stock Up 0.9%

The firm has a market capitalization of $291.57 million, a P/E ratio of 38.35 and a beta of 0.70. The business’s 50 day moving average is $1.28 and its 200-day moving average is $1.27.

Hedge Funds Weigh In On Smart Share Global

Institutional investors have recently modified their holdings of the business. Palliser Capital UK Ltd lifted its position in shares of Smart Share Global by 36.7% during the 3rd 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 grew its position in Smart Share Global by 12.3% in the second 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 during the last quarter. Schonfeld Strategic Advisors LLC acquired a new position in Smart Share Global during the third quarter worth about $2,633,000. Verition Fund Management LLC bought a new position in shares of Smart Share Global in the third quarter worth about $335,000. Finally, Citadel Advisors LLC bought a new position in shares of Smart Share Global in the third quarter worth about $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.