SMX (Security Matters) Public Limited Company (NASDAQ:SMX) Sees Large Increase in Short Interest

SMX (Security Matters) Public Limited Company (NASDAQ:SMX) saw a large increase in short interest in the month of April. As of April 30th, there was short interest totaling 742,767 shares, an increase of 115.1% from the April 15th total of 345,345 shares. Based on an average daily volume of 3,305,102 shares, the days-to-cover ratio is currently 0.2 days. Currently, 11.2% of the company’s stock are short sold.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of SMX. Geode Capital Management LLC acquired a new position in SMX (Security Matters) Public in the 4th quarter worth about $98,000. Engineers Gate Manager LP acquired a new stake in shares of SMX (Security Matters) Public during the 4th quarter valued at about $227,000. Finally, HRT Financial LP acquired a new stake in shares of SMX (Security Matters) Public during the 4th quarter valued at about $303,000. Hedge funds and other institutional investors own 15.74% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of SMX (Security Matters) Public in a research report on Friday, March 27th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the company currently has an average rating of “Sell”.

SMX (Security Matters) Public Price Performance

Shares of SMX opened at $8.19 on Friday. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 0.02. The company’s 50 day moving average price is $161.97 and its 200 day moving average price is $2,878.08. SMX has a 52 week low of $7.70 and a 52 week high of $151,292.41.

SMX (Security Matters) Public (NASDAQ:SMX) last released its earnings results on Friday, March 20th. The company reported $881.80 earnings per share (EPS) for the quarter.

About SMX (Security Matters) Public

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.