SOS Limited Unsponsored ADR (NYSE:SOS) Sees Significant Growth in Short Interest

SOS Limited Unsponsored ADR (NYSE:SOS) saw a significant growth in short interest in March. As of March 13th, there was short interest totaling 469,592 shares, a growth of 145.5% from the February 26th total of 191,267 shares. Based on an average daily volume of 256,290 shares, the short-interest ratio is presently 1.8 days. Approximately 7.1% of the shares of the stock are sold short.

SOS Stock Performance

Shares of NYSE:SOS opened at $1.05 on Thursday. SOS has a 52-week low of $0.90 and a 52-week high of $9.62. The stock’s fifty day simple moving average is $1.39 and its 200-day simple moving average is $1.55.

Institutional Investors Weigh In On SOS

An institutional investor recently bought a new position in SOS stock. Invesco Ltd. purchased a new position in shares of SOS Limited Unsponsored ADR (NYSE:SOS) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 315,968 shares of the company’s stock, valued at approximately $439,000. Invesco Ltd. owned approximately 4.65% of SOS at the end of the most recent reporting period. Institutional investors own 1.92% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of SOS in a research note on Wednesday, January 21st. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, SOS presently has an average rating of “Sell”.

SOS Company Profile

SOS Limited is a China-based specialty chemical company that develops, manufactures and markets a broad portfolio of water treatment, glycol and surfactant products. Founded in 1997 and headquartered in Shanghai, the company focuses on delivering high-performance solutions for industrial, municipal and household applications. Its core mission is to address water conservation and pollution control challenges while supporting downstream industries with essential chemical inputs.

The company’s primary offerings include a range of water treatment chemicals such as coagulants, flocculants and scale inhibitors designed for use in power plants, petrochemical facilities, and municipal waterworks.