Taking this into account, Goldman downgraded its Smart Share Global Ltd ADR [EM] rating to a Neutral from a a Buy in a research note published on June 28, 2022; the price target was decreased to $1.40 from $3.80. A number of analysts have revised their coverage, including Citigroup’s analysts, who began to cover the stock in mid May with a ‘”a Buy”‘ rating. China Renaissance began covering EM with “Buy” recommendation on May 05, 2021. Goldman started covering the stock on April 26, 2021. It rated EM as “a Buy”.
Price Performance Review of EM
On Tuesday, Smart Share Global Ltd ADR [NASDAQ:EM] saw its stock fall -2.00% to $0.98. Over the last five days, the stock has gained 36.11%. Smart Share Global Ltd ADR shares have risen nearly 36.11% since the year began. Nevertheless, the stocks have risen 101.42% over the past one year. While a 52-week high of $1.17 was reached on 01/06/25, a 52-week low of $0.41 was recorded on 01/03/25. SMA at 50 days reached $0.7294, while 200 days put it at $0.7684.
Levels Of Support And Resistance For EM Stock
The 24-hour chart illustrates a support level at 0.9600, which if violated will result in even more drops to 0.9400. On the upside, there is a resistance level at 1.0070. A further resistance level may holdings at 1.0340. The Relative Strength Index (RSI) on the 14-day chart is 78.48, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.1336, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 18.92%. Stochastics %K at 67.59% indicates the stock is a holding.
How much short interest is there in Smart Share Global Ltd ADR?
A steep rise in short interest was recorded in Smart Share Global Ltd ADR stocks on 2024-12-13, growing by 14588.0 shares to a total of 35100.0 shares. Yahoo Finance data shows the prior-month short interest on 2024-11-15 was 20512.0 shares. There was a rise of 41.56%, which implies that there is a positive sentiment for the stock.
