Copyright © 2021 InvestorPlace Media, LLC All rights reserved 1125 N Charles St, Baltimore, MD 21201

Shares of SOS Limited (NYSE: SOS) rose more than 30% in pre-market trading on Wednesday, SOS stock, targeted by short sellers and embraced by social trading fans, peaked in mid-May February peaked at $ 15 a share before falling to $ 477 over the next 10 days

SOS is a Chinese tech company that recently entered the burgeoning cryptocurrency market with its own mining operation and a blockchain offering, SOS stock received a boost in late March after it was announced that it would launch a digital asset exchange

The broader crypto space has expanded into April, when the valuation of the entire cryptocurrency market topped the $ 2 trillion mark this week.The surge was led by Bitcoin (CCC: BTC), which has been its own for a week Holds Market Cap Over $ 1 Trillion According to Reuters, market cap can be maintained as long as the largest crypto is over 53$ 000 is

Short interest in SOS stocks has hit more than 216% of its short positions after a difficult price in the past few weeks, according to MarketBeat.Hindenburg Research accused management of falsifying business announcements in what was once touted as a company that stood out mainly focused on solutions for emergency services, was with the takeover of 5000 cryptocurrency mining machines a big rally in February

For the past 24 hours, Reddit boards of comparisons to GameStop (NYSE: GME) have been lit up, asking for a quick print this morning, “We’re going to buy as many stocks as we can get our hands on and we’re going to be selling Limit those stocks to or above $ 100, “promised a poster on an SOS subreddit

Meanwhile, another Redditor wrote, “SOS currently has 40% of its stock borrowed and 8% interest on those stock borrowed, we believe this is a prime candidate for Pop, especially after hitting a double bottom on the VWAP spike would also help us technically ”

At the time of this writing, Robert Lakin held (neither directly nor indirectly) positions in the securities referred to in this article

InvestorPlace associate Robert Lakin is a seasoned finance writer and editor who follows fintech, agtech, and property tech startups

Financial market data from FinancialContent Services, Inc All rights reserved by Nasdaq
Citations were delayed by at least 15 minutes, all others by at least 20 minutes
Copyright ©
2021 InvestorPlace Media, LLC All rights reserved 1125 N Charles St, Baltimore, MD 21201

SOS share

World news – CA – SOS share: Is Crypto Play SOS rising due to short squeeze hopes?