Yep, and it’s called a stock consolidation, or a reverse stock...

Yep, and it’s called a stock consolidation, or a reverse stock split.A stock consolidation reduces the number of shares on offer, again by some multiple, thereby increasing their value.Unlike a stock split, which is often seen as a good sign, stock consolidations are usually viewed unfavourably and can be viewed as a sign of a company seeking to artificially inflate its value by raising the price of its shares.The main reasons for undertaking a stock consolidation are to communicate a sense of momentum to investors, and to remain listed on a stock exchange by keeping the share price above zero