Smartkem, Inc. (NASDAQ:SMTK) Short Interest Down 25.0% in August

Smartkem, Inc. (NASDAQ:SMTK) was the recipient of a significant 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. Based on an average daily trading volume, of 8,300 shares, the short-interest ratio is currently 0.1 days. Currently, 0.1% of the company’s stock are short sold.

Smartkem Stock Down 3.2 %

SMTK stock opened at $6.10 on Monday. The business has a 50 day simple moving average of $5.68. Smartkem has a 12 month low of $1.50 and a 12 month high of $19.00.

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

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Smartkem stock. AIGH Capital Management LLC purchased a new stake in shares of Smartkem, Inc. (NASDAQ:SMTK) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 134,687 shares of the company’s stock, valued at approximately $772,000. AIGH Capital Management LLC owned 9.35% of Smartkem as of its most recent SEC filing.

About Smartkem

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.