Smart Share Global (NYSE:EM) Trading Up 1.8% – Here’s What Happened

Smart Share Global Limited (NYSE:EM)’s share price rose 1.8% during mid-day trading on Thursday . The company traded as high as $1.16 and last traded at $1.16. Approximately 95,316 shares changed hands during mid-day trading, a decline of 58% from the average daily volume of 226,813 shares. The stock had previously closed at $1.14.

Smart Share Global Trading Up 1.8%

The stock has a market cap of $294.11 million, a P/E ratio of 38.68 and a beta of 0.70. The business’s fifty day simple moving average is $1.22 and its 200 day simple moving average is $1.28.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Palliser Capital UK Ltd boosted its position in Smart Share Global by 23.8% in the 2nd quarter. Palliser Capital UK Ltd now owns 7,373,915 shares of the company’s stock valued at $8,406,000 after buying an additional 1,419,335 shares during the last quarter. XTX Topco Ltd acquired a new position in shares of Smart Share Global during the second quarter valued at $27,000. MASO CAPITAL PARTNERS Ltd boosted its holdings 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. Two Sigma Investments LP acquired a new stake in Smart Share Global in the third quarter worth about $58,000. Finally, Schonfeld Strategic Advisors LLC bought a new stake in Smart Share Global during the 3rd quarter worth about $2,633,000. 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.