Short Interest in SMX (Security Matters) Public Limited Company (NASDAQ:SMX) Expands By 115.1%

SMX (Security Matters) Public Limited Company (NASDAQ:SMX) saw a large increase in short interest in April. As of April 30th, there was short interest totaling 742,767 shares, an increase of 115.1% from the April 15th total of 345,345 shares. Currently, 11.2% of the company’s stock are sold short. Based on an average trading volume of 3,305,102 shares, the days-to-cover ratio is currently 0.2 days.

SMX (Security Matters) Public Stock Down 15.1%

Shares of NASDAQ SMX traded down $1.46 during trading hours on Friday, hitting $8.19. 238,869 shares of the company’s stock were exchanged, compared to its average volume of 374,229. SMX has a 1-year low of $7.70 and a 1-year high of $151,292.41. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.59 and a quick ratio of 0.59. The company’s 50-day moving average price is $161.97 and its 200-day moving average price is $2,878.08.

SMX (Security Matters) Public (NASDAQ:SMX) last posted its quarterly earnings data on Friday, March 20th. The company reported $881.80 earnings per share for the quarter.

Hedge Funds Weigh In On SMX (Security Matters) Public

Several large investors have recently added to or reduced their stakes in the company. Engineers Gate Manager LP acquired a new position in SMX (Security Matters) Public in the 4th quarter valued at approximately $227,000. HRT Financial LP acquired a new position in SMX (Security Matters) Public in the 4th quarter valued at approximately $303,000. Finally, Geode Capital Management LLC acquired a new position in SMX (Security Matters) Public in the 4th quarter valued at approximately $98,000. Institutional investors and hedge funds own 15.74% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of SMX (Security Matters) Public in a research note on Friday, March 27th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Sell”.

About SMX (Security Matters) Public

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.