Smartkem, Inc. (NASDAQ:SMTK) Short Interest Down 12.9% in January

Smartkem, Inc. (NASDAQ:SMTK) saw a significant decrease in short interest in January. As of January 15th, there was short interest totalling 43,100 shares, a decrease of 12.9% from the December 31st total of 49,500 shares. Based on an average daily trading volume, of 225,200 shares, the days-to-cover ratio is currently 0.2 days. Currently, 1.6% of the company’s shares are sold short.

Smartkem Price Performance

SMTK stock traded down $0.10 during mid-day trading on Monday, reaching $3.02. 10,964 shares of the stock traded hands, compared to its average volume of 81,224. Smartkem has a 52-week low of $2.01 and a 52-week high of $19.00. The stock’s fifty day moving average is $3.72 and its 200-day moving average is $4.16.

Smartkem (NASDAQ:SMTK) last posted its quarterly earnings data on Tuesday, November 12th. The company reported ($0.86) EPS for the quarter.

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.