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

Smartkem, Inc. (NASDAQ:SMTK) was the target of a significant decrease in short interest in March. As of March 15th, there was short interest totalling 9,500 shares, a decrease of 36.2% from the February 28th total of 14,900 shares. Currently, 0.4% of the company’s stock are short sold. Based on an average daily volume of 58,100 shares, the days-to-cover ratio is currently 0.2 days.

Smartkem Trading Down 2.1 %

Shares of SMTK stock traded down $0.06 during trading on Monday, reaching $2.95. The company’s stock had a trading volume of 114,477 shares, compared to its average volume of 77,899. Smartkem has a 1-year low of $2.01 and a 1-year high of $16.00. The stock’s 50-day moving average price is $2.82 and its 200 day moving average price is $3.33.

Hedge Funds Weigh In On Smartkem

Institutional investors have recently modified their holdings of the business. Bleichroeder LP acquired a new stake in shares of Smartkem in the fourth quarter valued at $483,000. MYDA Advisors LLC purchased a new stake in Smartkem during the 4th quarter worth about $967,000. Finally, AIGH Capital Management LLC raised its position in Smartkem by 16.2% in the 4th quarter. AIGH Capital Management LLC now owns 156,487 shares of the company’s stock valued at $456,000 after purchasing an additional 21,800 shares in the last quarter.

About Smartkem

SmartKem, Inc engages in the development of materials and processes used to make organic thin-film transistors for the manufacture of flexible electronic. It focuses on Truflex semiconductor technology that deposits organic ink on a substrate. The company was founded on September 21, 2018 and is headquartered in Blackley, the United Kingdom.