Smartkem, Inc. (NASDAQ:SMTK – Get Free Report) was the recipient of a significant decline in short interest in January. As of January 15th, there was short interest totalling 43,100 shares, a decline of 12.9% from the December 31st total of 49,500 shares. Based on an average daily volume of 225,200 shares, the short-interest ratio is presently 0.2 days. Approximately 1.6% of the company’s stock are sold short.
Smartkem Price Performance
Shares of SMTK stock traded down $0.07 on Friday, reaching $3.12. 9,201 shares of the company were exchanged, compared to its average volume of 83,361. The company has a 50-day moving average of $3.72 and a 200-day moving average of $4.17. Smartkem has a one year low of $2.01 and a one year high of $19.00.
Smartkem (NASDAQ:SMTK – Get Free Report) last announced its quarterly earnings results on Tuesday, November 12th. The company reported ($0.86) earnings per share (EPS) for the quarter.
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.
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