MASO CAPITAL PARTNERS Ltd Makes New $2.95 Million Investment in Smart Share Global Limited (NYSE:EM)

Key Points

• MASO CAPITAL PARTNERS Ltd has acquired a new position in Smart Share Global Limited, purchasing 2,632,260 shares valued at approximately $2,948,000 during the first quarter.
• Smart Share Global constitutes about 4.5% of MASO CAPITAL PARTNERS Ltd's total holdings, making it their 5th largest investment.
• Citigroup has maintained a "neutral" rating for Smart Share Global, increasing its target price from $1.00 to $1.25.

MASO CAPITAL PARTNERS Ltd purchased a new position in Smart Share Global Limited (NYSE:EM - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 2,632,260 shares of the company's stock, valued at approximately $2,948,000. Smart Share Global comprises approximately 4.5% of MASO CAPITAL PARTNERS Ltd's holdings, making the stock its 5th largest position. MASO CAPITAL PARTNERS Ltd owned 1.01% of Smart Share Global at the end of the most recent reporting period.

Smart Share Global Stock Up 1.7%

Shares of Smart Share Global stock traded up $0.02 on Wednesday, hitting $1.18. 49,935 shares of the company's stock traded hands, compared to its average volume of 388,641. The stock has a market cap of $299.18 million, a P/E ratio of 39.35 and a beta of 0.67. The firm's 50-day moving average is $1.12 and its 200 day moving average is $1.11. Smart Share Global Limited has a 52-week low of $0.50 and a 52-week high of $1.19.

Analyst Ratings Changes

Separately, Citigroup reiterated a "neutral" rating and set a $1.25 price objective (up from $1.00) on shares of Smart Share Global in a research note on Wednesday, June 18th.

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.