MASO CAPITAL PARTNERS Ltd Takes $2.95 Million Position 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 shares of Smart Share Global Limited (NYSE:EM - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 2,632,260 shares of the company's stock, valued at approximately $2,948,000. Smart Share Global comprises about 4.5% of MASO CAPITAL PARTNERS Ltd's investment portfolio, making the stock its 5th largest holding. MASO CAPITAL PARTNERS Ltd owned approximately 1.01% of Smart Share Global as of its most recent filing with the SEC.

Smart Share Global Stock Up 1.7%

Shares of EM traded up $0.02 during midday trading on Monday, hitting $1.18. The company's stock had a trading volume of 275,158 shares, compared to its average volume of 393,261. Smart Share Global Limited has a one year low of $0.50 and a one year high of $1.19. The company's fifty day simple moving average is $1.12 and its two-hundred day simple moving average is $1.11. The stock has a market capitalization of $299.18 million, a price-to-earnings ratio of 39.35 and a beta of 0.67.

Analysts Set New Price Targets

Separately, Citigroup reaffirmed a "neutral" rating and issued a $1.25 price objective (up from $1.00) on shares of Smart Share Global in a report 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.