Smart Share Global Limited $EM is Palliser Capital UK Ltd’s 4th Largest Position

Palliser Capital UK Ltd boosted its stake in Smart Share Global Limited (NYSE:EM) by 23.8% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 7,373,915 shares of the company’s stock after acquiring an additional 1,419,335 shares during the period. Smart Share Global comprises approximately 6.1% of Palliser Capital UK Ltd’s portfolio, making the stock its 4th largest position. Palliser Capital UK Ltd’s holdings in Smart Share Global were worth $8,406,000 at the end of the most recent reporting period.

Separately, Virtu Financial LLC acquired a new position in Smart Share Global in the first quarter valued at $58,000. 83.96% of the stock is owned by institutional investors.

Smart Share Global Stock Performance

NYSE EM opened at $1.29 on Friday. The firm has a market cap of $327.07 million, a PE ratio of 43.01 and a beta of 0.69. Smart Share Global Limited has a one year low of $0.59 and a one year high of $1.45. The firm’s fifty day moving average is $1.32 and its two-hundred day moving average is $1.18.

About Smart Share Global

Smart Share Global Limited, a consumer tech company, provides mobile device charging services in the People's Republic of China. The company provides mobile device charging services through online and offline networks; and rents power banks. It offers services through its power banks placed in points of interests (POIs) operated by its location partners, such as entertainment venues, restaurants, shopping centers, hotels, transportation hubs, and public spaces.