SMX (Security Matters) Public Limited Company (NASDAQ:SMX) Stock Short Interest Report for October

SMX (Security Matters) Public Limited Company (NASDAQ:SMX) was the target of a large decrease in short interest in October. As of October 15th, there was short interest totaling 25,472 shares, a decrease of 42.6% from the September 30th total of 44,350 shares. Based on an average daily trading volume, of 367,508 shares, the short-interest ratio is presently 0.1 days. Approximately 2.6% of the shares of the stock are short sold.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. Wall Street Zen raised shares of SMX (Security Matters) Public from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 8th. Weiss Ratings reissued a “sell (e+)” rating on shares of SMX (Security Matters) Public in a research note on Monday, September 21st. One equities research analyst has rated the stock with a Sell rating. According to MarketBeat.com, the company has an average rating of “Sell”.

SMX (Security Matters) Public Stock Down 6.3%

NASDAQ:SMX traded down $0.11 on Friday, reaching $1.64. The company’s stock had a trading volume of 99,613 shares, compared to its average volume of 846,779. SMX has a 1-year low of $1.60 and a 1-year high of $46,360.50. The business’s 50-day moving average price is $9.41 and its two-hundred day moving average price is $126.29.

SMX (Security Matters) Public (NASDAQ:SMX) last issued its quarterly earnings data on Wednesday, July 1st. The company reported ($76.00) earnings per share (EPS) for the quarter.

SMX (Security Matters) Public Company Profile

SMX (Security Matters) Public Limited Company develops technology designed to identify, track and authenticate physical materials throughout their life cycles. Its platform uses proprietary molecular markers that can be incorporated into materials and detected later, helping businesses establish product provenance and maintain records as goods move through supply chains.

The company’s technology is intended for use across a range of materials, including metals, plastics, rubber, textiles, liquids and other industrial products.