SMC Entertainment, Inc. (OTCMKTS:SMCE) Sees Significant Drop in Short Interest

SMC Entertainment, Inc. (OTCMKTS:SMCE) saw a large decline in short interest during the month of January. As of January 15th, there was short interest totalling 8,800 shares, a decline of 94.8% from the December 31st total of 168,700 shares. Based on an average daily volume of 8,208,200 shares, the short-interest ratio is presently 0.0 days.

SMC Entertainment Price Performance

Shares of SMCE traded down $0.00 during mid-day trading on Wednesday, hitting $0.00. The company’s stock had a trading volume of 6,481,891 shares, compared to its average volume of 8,198,488. The stock has a market capitalization of $1.89 million, a P/E ratio of -0.14 and a beta of 0.48. SMC Entertainment has a fifty-two week low of $0.00 and a fifty-two week high of $0.01.

About SMC Entertainment

SMC Entertainment, Inc focuses on the acquisition and support of financial technology companies in the United States. The company develops and provides technology that combines artificial intelligence (AI) /machine learning (ML) driven Quantitative investing (IQ Engine) with AI-enabled wealth management tools; and offers IQ Engine, an AI driven contextual analyzer that creates a repository of various equity research.