Short Interest in SmartKem, Inc. (NASDAQ:SMTK) Rises By 274.2%

Posted by Stanley Muller on Jun 27th, 2026

SmartKem, Inc. (NASDAQ:SMTK – Get Free Report) was the target of a large growth in short interest in the month of June. As of June 15th, there was short interest totaling 1,460,778 shares, a growth of 274.2% from the May 31st total of 390,407 shares. Currently, 7.1% of the shares of the company are short sold. Based on an average trading volume of 51,820,583 shares, the days-to-cover ratio is currently 0.0 days.

Hedge Funds Weigh In On SmartKem

Large investors have recently bought and sold shares of the company. AIGH Capital Management LLC lifted its stake in shares of SmartKem by 58.7% in the 4th quarter. AIGH Capital Management LLC now owns 675,000 shares of the company’s stock worth $719,000 after acquiring an additional 249,723 shares during the period. Walleye Capital LLC increased its stake in shares of SmartKem by 147.0% during the second quarter. Walleye Capital LLC now owns 240,082 shares of the company’s stock worth $238,000 after acquiring an additional 142,898 shares during the period. Rossby Financial LCC increased its stake in shares of SmartKem by 110.2% during the fourth quarter. Rossby Financial LCC now owns 227,000 shares of the company’s stock worth $242,000 after acquiring an additional 119,000 shares during the period. Finally, Corient Private Wealth LLC increased its stake in shares of SmartKem by 120.8% during the second quarter. Corient Private Wealth LLC now owns 42,496 shares of the company’s stock worth $43,000 after acquiring an additional 23,248 shares during the period.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of SmartKem in a research report on Friday, May 22nd. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, SmartKem has an average rating of “Sell”.

Read Our Latest Stock Analysis on SmartKem

SmartKem Stock Performance

SmartKem stock traded up $0.01 during mid-day trading on Friday, reaching $0.24. 901,675 shares of the company were exchanged, compared to its average volume of 30,307,132. SmartKem has a twelve month low of $0.15 and a twelve month high of $3.80. The firm’s 50-day simple moving average is $0.30 and its two-hundred day simple moving average is $0.57. The firm has a market cap of $5.23 million, a PE ratio of -0.11 and a beta of 3.73.

SmartKem (NASDAQ:SMTK – Get Free Report) last released its earnings results on Wednesday, April 8th. The company reported ($0.21) earnings per share (EPS) for the quarter. SmartKem had a negative net margin of 3,997.69% and a negative return on equity of 610.88%. The company had revenue of $0.56 million during the quarter.

SmartKem Company Profile

(Get Free Report)

SmartKem plc (NASDAQ: SMTK) is a fabless semiconductor company specializing in the development and commercialization of organic semiconductor materials for thin‐film transistors (TFTs). Headquartered in the United Kingdom, the company has pioneered low‐temperature processable organic materials designed to deliver high performance, energy efficiency and manufacturing flexibility. SmartKem’s solutions target a range of display applications, including flexible, foldable and transparent screens, as well as emerging sensor and Internet of Things (IoT) platforms.

The company’s core product line consists of proprietary organic inks and formulations that can be integrated into existing TFT backplane production lines without the need for costly equipment upgrades.