SMX (Security Matters) Public Limited Company (NASDAQ:SMX) Stock Short Interest Falls 42.6%

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

Analyst Upgrades and Downgrades

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

SMX (Security Matters) Public Price Performance

SMX traded up $0.03 during trading hours on Tuesday, reaching $1.74. 21,929 shares of the stock traded hands, compared to its average volume of 133,207. The firm’s fifty day simple moving average is $9.11 and its two-hundred day simple moving average is $121.18. SMX has a fifty-two week low of $1.60 and a fifty-two week high of $46,360.50.

SMX (Security Matters) Public (NASDAQ:SMX) last issued its earnings results on Wednesday, July 1st. The company reported ($76.00) earnings per share (EPS) for the quarter.

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.