SMX (Security Matters) Public Limited (NASDAQ:SMX) Sees Large Increase in Short Interest

SMX (Security Matters) Public Limited (NASDAQ:SMX) was the target of a large increase in short interest in the month of December. As of December 31st, there was short interest totalling 8,750,000 shares, an increase of 142.4% from the December 15th total of 3,610,000 shares. Based on an average daily volume of 34,470,000 shares, the days-to-cover ratio is presently 0.3 days.

Institutional Investors Weigh In On SMX (Security Matters) Public

A hedge fund recently bought a new stake in SMX (Security Matters) Public stock. Anson Funds Management LP bought a new stake in SMX (Security Matters) Public Limited (NASDAQ:SMX) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 230,000 shares of the company’s stock, valued at approximately $667,000. Anson Funds Management LP owned approximately 7.82% of SMX (Security Matters) Public as of its most recent SEC filing. Hedge funds and other institutional investors own 15.74% of the company’s stock.

SMX (Security Matters) Public Stock Performance

SMX stock traded up $0.28 during midday trading on Thursday, reaching $5.79. 655,868 shares of the company’s stock traded hands, compared to its average volume of 598,275. The firm’s fifty day moving average price is $0.42 and its 200-day moving average price is $2.62. SMX has a 52 week low of $4.31 and a 52 week high of $1,316.91.

About SMX (Security Matters) Public

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.