Smartkem, Inc. (NASDAQ:SMTK – Get Free Report) 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 – Free Report) 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 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.
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