Summary & update on Cosmos holding Inc.
- The largest Cosmos holding Inc. shareholder is the company’s CEO Grigorios Siokas (COSM).
- Since October 20th, Siokas has purchased more than 13 million shares.
- In what is likely a short squeeze, shares of COSM stock have increased by more than 700% in the last month.
- While some investors believe Cosmos’ catalyst is fundamentally significant, others are making predictions about a potential short squeeze above $1
Read complete analysis on COSM stock: COSM Stock – Retail investors are strongly supporting Cosmos Holdings Inc. (NASDAQ: COSM) at the moment.
Cosmos holding Inc. have increased by more than 700%
This month, shares of Cosmos (NASDAQ:COSM) have increased by more than 700%. Since the company has not provided any news that would have resulted in gains this big, investors have attributed the extraordinary price movement in COSM shares to a short squeeze. Sky Pharm, Decahedron, and Cosmofarm Pharmaceuticals are the three companies of Cosmos, a multinational healthcare organization. The three companies offer and distribute supplements and medications.
6.52 million shares of Cosmos holding Inc. had been sold short as of Nov. 15. According to Yahoo! Finance, there are 58.53 million shares in the float, which means that the short interest as a proportion of the float was
11.13%. This amount is substantial enough to cause a brief squeeze.
The company revealed last week that its Sky Premium Life luxury food supplement would be featured in Ronda, the in-flight magazine. Iberian Airlines, which boasts 600 daily flights and more than 10 million passengers annually, offers Ronda for no charge.
Additionally,Cosmos holding Inc. signed a LOI to purchase ZipDoctor Inc. and a contract with Virax Biolabs (VRAX) to distribute Monkeypox Virus Real-Time PCR Detection Kits. COSM will have exclusive distribution rights for Greece and Cyprus and the option to non-exclusively distribute the test kits throughout Europe.
In the meantime, CEO Grigorios Siokas has bought millions of shares recently. As part of a securities purchase agreement made on October 17 and priced at 12 cents per share, he bought 12.5 million shares on October 20. The CEO then exchanged 498 shares of Series A convertible preferred stock for 801,261 shares of common stock with a 62 cent per share price on November 28.
Major Holders in Cosmos holding Inc. (COSM Stock)
Exactly 10 13F filers reported owning Cosmos holding Inc. during Q3, an increase of 3 filers from Q2. While two filers entirely closed out their holdings, five filers reported new positions. Let’s evaluate the company’s current shareholders:
- Grigorios Siokas: 52.06 million shares. Siokas acquired 40.15 million shares during Q3.
- Athanasios Kolefas: 15.56 million shares. Kolefas acquired his entire stake during Q3.
- Morgan Stanley (NYSE:MS): 56,179 shares. Morgan Stanley’s position remained unchanged during Q3.
- Virtu Financial: 46,146 shares. Virtu sold 41,823 shares during Q3.
- UBS Group (NYSE:UBS): 30,552 shares. UBS purchased 30,552 shares during Q3.
Tower research, Millennium Management LLC & State Street Corporation are smaller shareholders of the company.
Cosmos holding Inc. Investor sentiments
While some investors believe Cosmos’ catalyst is fundamentally meaningful, others are making predictions about a potential short squeeze. Currently, speculation regarding a potential short squeeze is aiding in the increase of stock prices. Some investors are calling $1 plus price target
Rubio2430 writes in another entry about COSM on the ShortSqueeze subreddit: “$COSM you cant make this stuff up. this baby is ready for space. the shorts are burying themselves on the daily. constant pr’s, growing fundamentals, no plans on dilutions, dual listing on upstream soon—the list goes on!
Moon market on twitter asked “lets see who is still here” – by the time of writing this article, tweet got 633 likes & 530 RT
https://twitter.com/MoonMarket_?s=20&t=MguZ_emUFN2iP4jBt0zFLA
$COSM Let's see who is still here. Re Tweet this if you are here.
— Moon Market (@MoonMarket_) December 2, 2022
https://twitter.com/benedetto_frank/status/1598773962594553856?s=20&t=MguZ_emUFN2iP4jBt0zFLA
$COSM retweet if you’re holding for $10! Let’s gauge the temperature here. Short numbers are insane!
— Zalmy (@greatstockpicks) December 1, 2022
Obviously, Cosmos holding Inc. wouldn’t be trading for less than $1 if company were growing rapidly there were apparent pressures in the most recent earnings report. However, that is also what allows shares to climb higher. We advise monitoring this stock.
Read how to buy Penny Stocks : Buying Penny Stocks for Less Than $1? What You Must Understand
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Disclosure: We disclose that we do not own any shares of COSM, either long or short, and that we have not received any payment for this article.
