AERWINS Technologies Stock Set to Reverse Split on Tuesday, April 2nd (NASDAQ:AWIN)

Shares of AERWINS Technologies Inc. (NASDAQ:AWIN) are going to reverse split on the morning of Tuesday, April 2nd. The 1-100 reverse split was announced on Tuesday, April 2nd. The number of shares owned by shareholders will be adjusted after the closing bell on Tuesday, April 2nd.

AERWINS Technologies Stock Performance

Shares of AWIN traded down $0.01 during midday trading on Friday, hitting $0.06. The stock had a trading volume of 3,286,782 shares, compared to its average volume of 399,705. AERWINS Technologies has a fifty-two week low of $0.05 and a fifty-two week high of $1.06. The business has a 50-day simple moving average of $0.09 and a two-hundred day simple moving average of $0.12.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in AWIN. CIBC Asset Management Inc acquired a new position in shares of AERWINS Technologies in the first quarter worth about $50,000. Two Sigma Securities LLC acquired a new position in shares of AERWINS Technologies in the first quarter worth about $86,000. Finally, First Foundation Advisors boosted its holdings in shares of AERWINS Technologies by 50.0% in the second quarter. First Foundation Advisors now owns 150,000 shares of the company’s stock worth $63,000 after buying an additional 50,000 shares during the period. 7.90% of the stock is currently owned by institutional investors and hedge funds.

AERWINS Technologies Company Profile

AERWINS Technologies Inc develops and manufactures air mobility platform in Japan. It also provides centralized operating system for managing open sky, hoverbikes, and drones; shared computing service; and blockchain verification and AI algorithm generation services. The company is headquartered in Tokyo, Japan.