SMX (Security Matters) Public Limited Company (NASDAQ:SMX) Short Interest Update

SMX (Security Matters) Public Limited Company (NASDAQ:SMX) was the recipient of a large increase in short interest during the month of September. As of September 30th, there was short interest totaling 994,800 shares, an increase of 303.6% from the September 15th total of 246,500 shares. Based on an average trading volume of 4,340,000 shares, the days-to-cover ratio is currently 0.2 days. Based on an average trading volume of 4,340,000 shares, the days-to-cover ratio is currently 0.2 days.

Wall Street Analyst Weigh In

A number of research firms have weighed in on SMX. Wall Street Zen downgraded SMX (Security Matters) Public to a “strong sell” rating in a research report on Saturday, August 16th. Weiss Ratings reiterated a “sell (e+)” rating on shares of SMX (Security Matters) Public in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, SMX (Security Matters) Public has a consensus rating of “Sell”.

SMX (Security Matters) Public Trading Up 4.5%

Shares of SMX (Security Matters) Public stock opened at $1.16 on Friday. SMX has a 12-month low of $1.08 and a 12-month high of $2,257.54. The business’s 50 day moving average is $2.24 and its 200-day moving average is $22.66.

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.