SMX (Security Matters) Public Limited (NASDAQ:SMX) Sees Large Increase in Short Interest

SMX (Security Matters) Public Limited (NASDAQ:SMX) was the target of a significant increase in short interest during the month of January. As of January 31st, there was short interest totalling 128,100 shares, an increase of 287.0% from the January 15th total of 33,100 shares. Based on an average daily volume of 1,360,000 shares, the days-to-cover ratio is presently 0.1 days.

SMX (Security Matters) Public Stock Performance

Shares of SMX stock traded up $0.01 during trading on Thursday, hitting $3.15. The company’s stock had a trading volume of 174,042 shares, compared to its average volume of 535,585. The business has a fifty day moving average of $7.75 and a 200-day moving average of $45.16. SMX has a 52 week low of $2.85 and a 52 week high of $833.62.

Institutional Investors Weigh In On SMX (Security Matters) Public

An institutional investor recently bought a new position in SMX (Security Matters) Public stock. Anson Funds Management LP purchased a new position in SMX (Security Matters) Public Limited (NASDAQ:SMX) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 230,000 shares of the company’s stock, valued at approximately $667,000. Anson Funds Management LP owned 7.82% of SMX (Security Matters) Public at the end of the most recent quarter. Hedge funds and other institutional investors own 15.74% of the company’s stock.

About SMX (Security Matters) Public

SMX (Security Matters) Public Limited Company, through its subsidiaries, engages in the development and commercialization of track and trace technologies for various industries. It owns and commercializes technology to mark various objects, such as solid, liquid, or gas allowing identification, circularity, proof of authenticity, tracking supply chain movements, and quality assurance.