Lizhi Stock to Reverse Split on Wednesday, September 20th (NASDAQ:LIZI)

Lizhi Inc. (NASDAQ:LIZI) shares are scheduled to reverse split on Wednesday, September 20th. The 1-10 reverse split was announced on Wednesday, September 20th. The number of shares owned by shareholders will be adjusted after the closing bell on Wednesday, September 20th.

Lizhi Price Performance

Shares of NASDAQ:LIZI opened at $0.55 on Monday. The stock has a market cap of $28.73 million, a P/E ratio of 1.85 and a beta of 1.69. The firm has a fifty day moving average price of $0.78 and a 200 day moving average price of $0.78. Lizhi has a 1-year low of $0.38 and a 1-year high of $1.34.

Analyst Upgrades and Downgrades

Separately, TheStreet upgraded shares of Lizhi from a “d+” rating to a “c-” rating in a research note on Friday, June 30th.

Institutional Trading of Lizhi

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Jane Street Group LLC acquired a new position in Lizhi during the first quarter valued at approximately $29,000. Susquehanna International Group LLP lifted its holdings in Lizhi by 300.7% in the 1st quarter. Susquehanna International Group LLP now owns 51,046 shares of the company’s stock valued at $39,000 after acquiring an additional 38,307 shares during the last quarter. Virtu Financial LLC acquired a new stake in Lizhi in the 1st quarter valued at about $43,000. SG Americas Securities LLC purchased a new stake in Lizhi during the first quarter valued at about $60,000. Finally, Acadian Asset Management LLC purchased a new stake in Lizhi during the first quarter valued at about $140,000. Institutional investors and hedge funds own 1.31% of the company’s stock.

Lizhi Company Profile

Lizhi Inc operates an audio entertainment and social networking platform in the People's Republic of China. It provides podcasts, live streaming, and audio entertainment products. The company offers LIZHI App, an audio entertainment platform that offers interactive audio experience, as well as audio entertainment content, such as social, talk show, music, ACG, and audio book content; Tiya App, an audio-based social networking product; and LIZHI Podcast, a podcast app to provide curated podcast content.