Short Interest in SOS Limited (NYSE:SOS) Drops By 74.9%

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SOS Limited (NYSE:SOS - Get Free Report) saw a large decline in short interest in the month of March. As of March 31st, there was short interest totalling 245,800 shares, a decline of 74.9% from the March 15th total of 977,400 shares. Based on an average daily trading volume, of 385,800 shares, the days-to-cover ratio is currently 0.6 days.

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Institutional Trading of SOS

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Virtu Financial LLC acquired a new position in shares of SOS in the 4th quarter valued at about $79,000. Northern Trust Corp lifted its stake in shares of SOS by 32.2% in the 4th quarter. Northern Trust Corp now owns 19,828 shares of the company's stock valued at $91,000 after purchasing an additional 4,828 shares in the last quarter. Skandinaviska Enskilda Banken AB publ acquired a new position in shares of SOS in the 3rd quarter valued at about $106,000. Millennium Management LLC acquired a new position in shares of SOS in the 2nd quarter valued at about $47,000. Finally, Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of SOS by 28.3% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 414,453 shares of the company's stock valued at $222,000 after purchasing an additional 91,536 shares in the last quarter. Hedge funds and other institutional investors own 1.92% of the company's stock.

SOS Stock Down 1.5 %

SOS traded down $0.02 during midday trading on Wednesday, hitting $1.34. The company's stock had a trading volume of 194,235 shares, compared to its average volume of 378,152. The firm has a 50-day moving average price of $2.51 and a two-hundred day moving average price of $3.53. SOS has a 52-week low of $1.26 and a 52-week high of $9.50.

SOS Company Profile

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SOS Limited provides data mining and analysis services to corporate and individual members in the People's Republic of China. It provides marketing data, technology, and solutions for insurance companies; emergency rescue services; and insurance product and health care information portals. The company operates SOS cloud emergency rescue service software as a service platform that offers basic cloud products, such as medical rescue, auto rescue, financial rescue, and life rescue cards; cooperative cloud systems, including information rescue center, intelligent big data, and intelligent software and hardware; and information cloud systems, such as newsToday and E-commerce Today, 10086 hot-line center, information security services, and marketing-related data.

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