Smartkem, Inc. (NASDAQ:SMTK) Short Interest Down 54.7% in December

Smartkem, Inc. (NASDAQ:SMTK) was the recipient of a large decrease in short interest during the month of December. As of December 15th, there was short interest totalling 49,500 shares, a decrease of 54.7% from the November 30th total of 109,300 shares. Based on an average trading volume of 215,300 shares, the days-to-cover ratio is currently 0.2 days. Approximately 2.9% of the shares of the stock are short sold.

Institutional Trading of Smartkem

A hedge fund recently bought a new stake in Smartkem stock. AIGH Capital Management LLC bought a new stake in Smartkem, Inc. (NASDAQ:SMTK) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 134,687 shares of the company’s stock, valued at approximately $772,000. AIGH Capital Management LLC owned 9.35% of Smartkem as of its most recent filing with the Securities and Exchange Commission.

Smartkem Trading Down 6.0 %

SMTK traded down $0.18 during midday trading on Friday, hitting $2.82. The company had a trading volume of 36,628 shares, compared to its average volume of 68,056. Smartkem has a twelve month low of $2.01 and a twelve month high of $19.00. The firm has a 50-day moving average price of $3.41.

About Smartkem

SmartKem, Inc, together with its subsidiaries, develops materials and processes used to make organic thin-film (OTFT) transistors for the manufacture of flexible electronics. The company offers TRUFLEX semiconductor and dielectric inks, which uses low temperature printing processes to make transistors for the display industry.