Short Interest in Smartkem, Inc. (NASDAQ:SMTK) Expands By 1,050.5%

Smartkem, Inc. (NASDAQ:SMTKGet Free Report) was the recipient of a large increase in short interest in November. As of November 30th, there was short interest totalling 109,300 shares, an increase of 1,050.5% from the November 15th total of 9,500 shares. Approximately 8.9% of the shares of the company are sold short. Based on an average daily trading volume, of 205,600 shares, the days-to-cover ratio is currently 0.5 days.

Institutional Trading of Smartkem

A hedge fund recently bought a new stake in Smartkem stock. AIGH Capital Management LLC bought a new stake in shares of Smartkem, Inc. (NASDAQ:SMTKFree Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 134,687 shares of the company’s stock, valued at approximately $772,000. AIGH Capital Management LLC owned about 9.35% of Smartkem as of its most recent SEC filing.

Smartkem Trading Up 1.1 %

Shares of NASDAQ SMTK traded up $0.04 during trading hours on Wednesday, hitting $4.02. 79,958 shares of the stock were exchanged, compared to its average volume of 66,934. The firm has a fifty day moving average of $3.45. Smartkem has a 1-year low of $2.01 and a 1-year high of $19.00.

About Smartkem

(Get Free Report)

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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