SMX (Security Matters) Public Limited Company (NASDAQ:SMX) Shares Shorted: Short Interest Down 42.6% in October

SMX (Security Matters) Public Limited Company (NASDAQ:SMX) was the target of a large decline in short interest in the month of October. As of October 15th, there was short interest totaling 25,472 shares, a decline of 42.6% from the September 30th total of 44,350 shares. Based on an average daily volume of 367,508 shares, the days-to-cover ratio is currently 0.1 days. Currently, 2.6% of the company’s shares are sold short.

SMX (Security Matters) Public Stock Performance

Shares of NASDAQ SMX traded down $0.11 during mid-day trading on Friday, reaching $1.64. The company had a trading volume of 99,613 shares, compared to its average volume of 846,779. The company has a 50-day moving average price of $9.41 and a two-hundred day moving average price of $126.29. SMX has a 1-year low of $1.60 and a 1-year high of $46,360.50.

SMX (Security Matters) Public (NASDAQ:SMX) last announced its quarterly earnings data on Wednesday, July 1st. The company reported ($76.00) EPS for the quarter.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. Wall Street Zen upgraded SMX (Security Matters) Public from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 8th. Weiss Ratings restated a “sell (e+)” rating on shares of SMX (Security Matters) Public in a research note on Monday, September 21st. One investment analyst has rated the stock with a Sell rating. According to MarketBeat, SMX (Security Matters) Public has an average rating of “Sell”.

About SMX (Security Matters) Public

SMX (Security Matters) Public Limited Company develops technology designed to identify, track and authenticate physical materials throughout their life cycles. Its platform uses proprietary molecular markers that can be incorporated into materials and detected later, helping businesses establish product provenance and maintain records as goods move through supply chains.

The company’s technology is intended for use across a range of materials, including metals, plastics, rubber, textiles, liquids and other industrial products.