Short Interest in SMX (Security Matters) Public Limited Company (NASDAQ:SMX) Increases By 98.4%

SMX (Security Matters) Public Limited Company (NASDAQ:SMX) saw a significant growth in short interest during the month of August. As of August 31st, there was short interest totaling 298,200 shares, a growth of 98.4% from the August 15th total of 150,300 shares. Based on an average trading volume of 3,250,000 shares, the short-interest ratio is presently 0.1 days. Currently, 66.3% of the company’s stock are sold short. Currently, 66.3% of the company’s stock are sold short. Based on an average trading volume of 3,250,000 shares, the short-interest ratio is presently 0.1 days.

SMX (Security Matters) Public Price Performance

SMX stock traded up $0.13 during trading on Monday, reaching $1.48. The company had a trading volume of 2,677,870 shares, compared to its average volume of 1,268,631. SMX has a twelve month low of $1.10 and a twelve month high of $4,634.91. The company has a quick ratio of 0.21, a current ratio of 0.08 and a debt-to-equity ratio of 0.02. The firm has a 50-day simple moving average of $8.01 and a 200-day simple moving average of $33.07.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen downgraded SMX (Security Matters) Public to a “strong sell” rating in a research report on Saturday, August 16th.

SMX (Security Matters) Public Company Profile

SMX (Security Matters) Public Limited Company, through its subsidiaries, engages in the development and commercialization of track and trace technologies for various industries. It owns and commercializes technology to mark various objects, such as solid, liquid, or gas allowing identification, circularity, proof of authenticity, tracking supply chain movements, and quality assurance.