SMC Entertainment, Inc. (OTCMKTS:SMCE) Sees Large Growth in Short Interest

SMC Entertainment, Inc. (OTCMKTS:SMCE) was the recipient of a significant increase in short interest during the month of March. As of March 15th, there was short interest totalling 339,200 shares, an increase of 940.5% from the February 28th total of 32,600 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 3,784,100 shares, the days-to-cover ratio is currently 0.1 days.

SMC Entertainment Stock Performance

Shares of SMCE traded up $0.00 during midday trading on Thursday, hitting $0.00. 3,650,246 shares of the stock traded hands, compared to its average volume of 4,709,973. The company has a market cap of $2.84 million, a price-to-earnings ratio of -0.21 and a beta of 0.05. SMC Entertainment has a 1-year low of $0.00 and a 1-year high of $0.01.

About SMC Entertainment

SMC Entertainment, Inc focuses on the acquisition and support of financial technology companies in the United States. The company develops and provides technology that combines artificial intelligence (AI) /machine learning (ML) driven Quantitative investing (IQ Engine) with AI-enabled wealth management tools; and offers IQ Engine, an AI driven contextual analyzer that creates a repository of various equity research.