SmartKem, Inc. (NASDAQ:SMTK) Short Interest Update

SmartKem, Inc. (NASDAQ:SMTK) was the recipient of a significant decrease in short interest in January. As of January 15th, there was short interest totaling 14,773 shares, a decrease of 43.6% from the December 31st total of 26,215 shares. Currently, 0.3% of the shares of the stock are short sold. Based on an average daily trading volume, of 176,235 shares, the short-interest ratio is currently 0.1 days. Based on an average daily trading volume, of 176,235 shares, the short-interest ratio is currently 0.1 days. Currently, 0.3% of the shares of the stock are short sold.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on SMTK shares. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of SmartKem in a research note on Wednesday, December 24th. Wall Street Zen raised shares of SmartKem from a “sell” rating to a “hold” rating in a report on Saturday, November 22nd. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Sell”.

Institutional Investors Weigh In On SmartKem

Several large investors have recently made changes to their positions in the company. AIGH Capital Management LLC lifted its stake in shares of SmartKem by 50.4% during the second quarter. AIGH Capital Management LLC now owns 438,685 shares of the company’s stock worth $439,000 after buying an additional 147,004 shares during the period. Walleye Capital LLC boosted its stake in shares of SmartKem by 147.0% in the second quarter. Walleye Capital LLC now owns 240,082 shares of the company’s stock valued at $238,000 after purchasing an additional 142,898 shares during the period. Rossby Financial LCC purchased a new stake in shares of SmartKem during the 3rd quarter worth $188,000. PFG Investments LLC purchased a new position in SmartKem during the 3rd quarter worth approximately $72,000. Finally, Corient Private Wealth LLC increased its holdings in shares of SmartKem by 120.8% in the second quarter. Corient Private Wealth LLC now owns 42,496 shares of the company’s stock valued at $43,000 after purchasing an additional 23,248 shares during the period.

SmartKem Stock Performance

Shares of NASDAQ SMTK traded up $0.08 during mid-day trading on Friday, hitting $0.82. 129,359 shares of the stock traded hands, compared to its average volume of 156,846. The company has a market cap of $5.03 million, a price-to-earnings ratio of -0.36 and a beta of 5.24. The stock has a fifty day moving average price of $1.29 and a 200-day moving average price of $1.41. SmartKem has a 52 week low of $0.57 and a 52 week high of $3.90.

SmartKem (NASDAQ:SMTK) last released its earnings results on Thursday, November 13th. The company reported ($0.45) EPS for the quarter. SmartKem had a negative return on equity of 610.88% and a negative net margin of 6,262.36%.The company had revenue of $0.08 million during the quarter.

SmartKem Company Profile

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.