Short Interest in Smartkem, Inc. (NASDAQ:SMTK) Declines By 25.0%

Smartkem, Inc. (NASDAQ:SMTK) was the recipient of a large decline in short interest in the month of August. As of August 31st, there was short interest totalling 600 shares, a decline of 25.0% from the August 15th total of 800 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average daily volume of 8,300 shares, the short-interest ratio is currently 0.1 days.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Smartkem stock. AIGH Capital Management LLC bought a new position in Smartkem, Inc. (NASDAQ:SMTK) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. 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 at the end of the most recent reporting period.

Smartkem Stock Down 3.2 %

NASDAQ SMTK opened at $6.10 on Monday. The stock has a 50-day moving average price of $5.68. Smartkem has a 52 week low of $1.50 and a 52 week high of $19.00.

Smartkem (NASDAQ:SMTK) last issued its quarterly earnings data on Monday, August 12th. The company reported ($0.98) earnings per share (EPS) for the quarter. The company had revenue of $0.04 million during 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.