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

Smartkem, Inc. (NASDAQ:SMTK) was the recipient of a large decline in short interest in December. As of December 15th, there was short interest totalling 49,500 shares, a decline of 54.7% from the November 30th total of 109,300 shares. Based on an average daily volume of 215,300 shares, the short-interest ratio is presently 0.2 days. Approximately 2.9% of the company’s shares are sold short.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Smartkem stock. AIGH Capital Management LLC acquired a new position in Smartkem, Inc. (NASDAQ:SMTK) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 134,687 shares of the company’s stock, valued at approximately $772,000. AIGH Capital Management LLC owned approximately 9.35% of Smartkem at the end of the most recent quarter.

Smartkem Stock Performance

NASDAQ SMTK traded down $0.18 on Friday, hitting $2.82. 36,628 shares of the stock were exchanged, compared to its average volume of 68,056. The business’s 50-day moving average price is $3.41. Smartkem has a 52-week low of $2.01 and a 52-week high of $19.00.

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.