SMX (Security Matters) Public Limited (NASDAQ:SMX) Sees Significant Decrease in Short Interest

SMX (Security Matters) Public Limited (NASDAQ:SMX) was the recipient of a large decline in short interest during the month of March. As of March 31st, there was short interest totalling 50,200 shares, a decline of 21.9% from the March 15th total of 64,300 shares. Based on an average daily volume of 319,200 shares, the days-to-cover ratio is currently 0.2 days. Approximately 54.0% of the shares of the company are sold short.

SMX (Security Matters) Public Trading Down 4.3 %

SMX stock traded down $0.10 during midday trading on Monday, hitting $2.20. 959,196 shares of the company traded hands, compared to its average volume of 889,915. SMX has a twelve month low of $1.20 and a twelve month high of $619.88. The business has a 50 day simple moving average of $2.21 and a 200-day simple moving average of $12.76.

Hedge Funds Weigh In On SMX (Security Matters) Public

A hedge fund recently bought a new stake in SMX (Security Matters) Public stock. XTX Topco Ltd bought a new position in shares of SMX (Security Matters) Public Limited (NASDAQ:SMX) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 77,195 shares of the company’s stock, valued at approximately $46,000. XTX Topco Ltd owned approximately 74.95% of SMX (Security Matters) Public as of its most recent SEC filing. Institutional investors own 15.74% of the company’s stock.

SMX (Security Matters) Public Company Profile

SMX (Security Matters) Public Limited Company, through its subsidiaries, engages in the development and commercialization of track and trace technologies for various industries. It owns and commercializes technology to mark various objects, such as solid, liquid, or gas allowing identification, circularity, proof of authenticity, tracking supply chain movements, and quality assurance.