SOS Limited (NYSE:SOS) Sees Large Increase in Short Interest

SOS Limited (NYSE:SOS) was the target of a significant increase in short interest in the month of September. As of September 15th, there was short interest totalling 1,240,000 shares, an increase of 50.3% from the August 31st total of 824,800 shares. Based on an average trading volume of 143,400 shares, the days-to-cover ratio is presently 8.6 days.

SOS Stock Performance

Shares of NYSE:SOS opened at $0.85 on Friday. SOS has a 52 week low of $0.50 and a 52 week high of $6.88. The company has a 50-day moving average price of $0.73 and a 200 day moving average price of $0.96.

Institutional Trading of SOS

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

SOS Company Profile

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.