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SMX (Security Matters) Public Limited Company (NASDAQ:SMX – Get Free Report) saw a significant drop in short interest during the month of May. As of May 15th, there was short interest totaling 69,609 shares, a drop of 90.6% from the April 30th total of 742,767 shares. Approximately 21.0% of the shares of the company are sold short. Based on an average daily trading volume, of 533,267 shares, the days-to-cover ratio is presently 0.1 days.
SMX (Security Matters) Public Trading Up 3.0%
Shares of SMX traded up $0.20 during mid-day trading on Friday, hitting $6.95. 465,892 shares of the company traded hands, compared to its average volume of 151,947. SMX has a 1-year low of $6.11 and a 1-year high of $144,038.66. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.59 and a current ratio of 0.59. The business has a 50 day moving average of $84.68 and a 200 day moving average of $2,753.04.
SMX (Security Matters) Public shares are going to split before the market opens on Monday, June 1st. The 457-200 split was announced on Wednesday, May 27th. The newly created shares will be distributed to shareholders after the closing bell on Friday, May 29th.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently made changes to their positions in SMX. HRT Financial LP purchased a new position in shares of SMX (Security Matters) Public during the 4th quarter valued at approximately $303,000. Engineers Gate Manager LP acquired a new stake in shares of SMX (Security Matters) Public in the 4th quarter worth $227,000. Finally, Geode Capital Management LLC acquired a new stake in shares of SMX (Security Matters) Public during the 4th quarter worth about $98,000. Hedge funds and other institutional investors own 15.74% of the company’s stock.
Analysts Set New Price Targets
Separately, Weiss Ratings restated a “sell (e+)” rating on shares of SMX (Security Matters) Public in a research report on Friday, March 27th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the company has an average rating of “Sell”.
Check Out Our Latest Stock Analysis on SMX
SMX (Security Matters) Public Company Profile
Security Matters Public Ltd. (NASDAQ: SMX) is a cybersecurity company specializing in hardware-enforced security solutions designed to protect computing systems and connected devices against physical and supply-chain attacks. The company’s patented approach embeds security primitives directly into hardware, offering a layer of protection that traditional software-only defenses cannot provide. By leveraging these hardware-based security elements, Security Matters aims to safeguard critical assets such as cryptographic keys, passwords and system integrity in a wide range of applications.
The company’s flagship product, VANA, comprises a suite of IP blocks and development tools that semiconductor vendors and original equipment manufacturers (OEMs) can integrate into system-on-chip (SoC) designs.
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