Smartkem, Inc. (NASDAQ:SMTK) Short Interest Update

Smartkem, Inc. (NASDAQ:SMTK) was the target of a large growth in short interest in the month of September. As of September 15th, there was short interest totalling 26,200 shares, a growth of 4,266.7% from the August 31st total of 600 shares. Based on an average daily trading volume, of 10,900 shares, the days-to-cover ratio is presently 2.4 days. Currently, 2.2% of the shares of the stock are short sold.

Institutional Trading of Smartkem

A hedge fund recently bought a new stake in Smartkem stock. AIGH Capital Management LLC purchased a new stake in shares of Smartkem, Inc. (NASDAQ:SMTK) in the second quarter, according to its most recent filing with the SEC. The firm purchased 134,687 shares of the company’s stock, valued at approximately $772,000. AIGH Capital Management LLC owned 9.35% of Smartkem at the end of the most recent quarter.

Smartkem Price Performance

Shares of Smartkem stock traded down $0.23 during trading on Friday, reaching $4.35. The company’s stock had a trading volume of 45,420 shares, compared to its average volume of 8,024. The business’s 50 day simple moving average is $5.51. Smartkem has a 12-month low of $1.75 and a 12-month high of $19.00.

Smartkem (NASDAQ:SMTK) last issued its earnings results on Monday, August 12th. The company reported ($0.98) EPS for the quarter. The business had revenue of $0.04 million for the quarter.

Smartkem Company Profile

SmartKem, Inc, together with its subsidiaries, develops materials and processes used to make organic thin-film (OTFT) transistors for the manufacture of flexible electronics. The company offers TRUFLEX semiconductor and dielectric inks, which uses low temperature printing processes to make transistors for the display industry.