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

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

Smartkem Trading Down 5.7 %

Smartkem stock traded down $0.17 during mid-day trading on Friday, reaching $2.83. 30,264 shares of the company were exchanged, compared to its average volume of 68,002. The stock has a 50-day moving average price of $3.41. Smartkem has a twelve month low of $2.01 and a twelve month high of $19.00.

Institutional Investors Weigh In On Smartkem

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

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.