SOS (NYSE:SOS) Shares Set to Reverse Split on Wednesday, November 20th

by · The Cerbat Gem

SOS Limited (NYSE:SOS – Free Report) shares are set to reverse split before the market opens on Wednesday, November 20th. The 1-15 reverse split was announced on Monday, November 4th. The number of shares owned by shareholders will be adjusted after the closing bell on Tuesday, November 19th.

SOS Stock Performance

Shares of SOS traded down $0.01 during mid-day trading on Monday, reaching $0.71. The company had a trading volume of 431,806 shares, compared to its average volume of 241,700. The firm has a 50-day moving average price of $0.76 and a 200 day moving average price of $0.86. SOS has a 52 week low of $0.50 and a 52 week high of $6.88.

Institutional Trading of SOS

Institutional investors have recently bought and sold shares of the company. EntryPoint Capital LLC purchased a new position in SOS in the first quarter worth about $38,000. Anson Funds Management LP bought a new stake in shares of SOS during the first quarter valued at approximately $1,805,000. Finally, Virtu Financial LLC raised its holdings in SOS by 82.1% in the 1st quarter. Virtu Financial LLC now owns 31,162 shares of the company’s stock worth $53,000 after acquiring an additional 14,052 shares during the last quarter. 1.92% of the stock is owned by hedge funds and other institutional investors.

About SOS

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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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