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

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

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on SMX shares. Weiss Ratings restated a “sell (e+)” rating on shares of SMX (Security Matters) Public in a report on Wednesday, October 8th. Wall Street Zen downgraded SMX (Security Matters) Public to a “strong sell” rating in a report on Saturday, August 16th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company currently has an average rating of “Sell”.

SMX (Security Matters) Public Trading Up 4.5%

NASDAQ:SMX opened at $1.16 on Friday. The stock has a 50-day simple moving average of $2.24 and a 200 day simple moving average of $22.66. SMX has a 52-week low of $1.08 and a 52-week high of $2,257.54.

SMX (Security Matters) Public Company Profile

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.