Short Interest in SMX (Security Matters) Public Limited Company (NASDAQ:SMX) Declines By 90.6%

by · The Cerbat Gem

SMX (Security Matters) Public Limited Company (NASDAQ:SMX – Get Free Report) was the target of a significant drop in short interest during the month of May. As of May 15th, there was short interest totaling 69,609 shares, a drop of 90.6% from the April 30th total of 742,767 shares. Approximately 21.0% of the shares of the company are sold short. Based on an average daily volume of 533,267 shares, the short-interest ratio is currently 0.1 days.

SMX (Security Matters) Public Stock Performance

Shares of NASDAQ SMX traded up $0.25 during trading on Friday, hitting $7.00. The company had a trading volume of 466,354 shares, compared to its average volume of 408,600. The stock has a 50 day simple moving average of $81.39 and a 200 day simple moving average of $2,733.84. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 0.02. SMX has a 12 month low of $6.11 and a 12 month high of $144,038.66.

SMX (Security Matters) Public’s stock is scheduled to split on the morning of Monday, June 1st. The 457-200 split was announced on Wednesday, May 27th. The newly issued shares will be payable to shareholders after the closing bell on Friday, May 29th.

SMX (Security Matters) Public (NASDAQ:SMX – Get Free Report) last posted its quarterly earnings data on Friday, March 20th. The company reported $385.91 EPS for the quarter.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of SMX (Security Matters) Public in a research report on Friday, March 27th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, SMX (Security Matters) Public presently has a consensus rating of “Sell”.

Get Our Latest Stock Report on SMX

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in SMX. Geode Capital Management LLC bought a new position in shares of SMX (Security Matters) Public in the fourth quarter worth about $98,000. Engineers Gate Manager LP bought a new position in shares of SMX (Security Matters) Public in the fourth quarter worth about $227,000. Finally, HRT Financial LP bought a new position in shares of SMX (Security Matters) Public in the fourth quarter worth about $303,000. Institutional investors own 15.74% of the company’s stock.

About SMX (Security Matters) Public

(Get Free Report)

Security Matters Public Ltd. (NASDAQ: SMX) is a cybersecurity company specializing in hardware-enforced security solutions designed to protect computing systems and connected devices against physical and supply-chain attacks. The company’s patented approach embeds security primitives directly into hardware, offering a layer of protection that traditional software-only defenses cannot provide. By leveraging these hardware-based security elements, Security Matters aims to safeguard critical assets such as cryptographic keys, passwords and system integrity in a wide range of applications.

The company’s flagship product, VANA, comprises a suite of IP blocks and development tools that semiconductor vendors and original equipment manufacturers (OEMs) can integrate into system-on-chip (SoC) designs.

Read More