Smartkem, Inc. (NASDAQ:SMTK) Short Interest Down 54.7% in December

Smartkem, Inc. (NASDAQ:SMTK) saw a large decrease in short interest in the month of December. As of December 15th, there was short interest totalling 49,500 shares, a decrease of 54.7% from the November 30th total of 109,300 shares. Currently, 2.9% of the company’s shares are sold short. Based on an average daily volume of 215,300 shares, the short-interest ratio is presently 0.2 days.

Smartkem Trading Down 6.0 %

Shares of NASDAQ SMTK traded down $0.18 during mid-day trading on Friday, hitting $2.82. The company’s stock had a trading volume of 36,628 shares, compared to its average volume of 68,056. Smartkem has a one year low of $2.01 and a one year high of $19.00. The company has a fifty day simple moving average of $3.41.

Hedge Funds Weigh In On Smartkem

A hedge fund recently bought a new stake in Smartkem stock. AIGH Capital Management LLC purchased a new stake in Smartkem, Inc. (NASDAQ:SMTK) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 134,687 shares of the company’s stock, valued at approximately $772,000. AIGH Capital Management LLC owned 9.35% of Smartkem as of its most recent SEC filing.

About Smartkem

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.