SMG Industries Inc. (OTCMKTS:SMGI) Sees Significant Growth in Short Interest

SMG Industries Inc. (OTCMKTS:SMGIGet Rating) was the recipient of a large increase in short interest in May. As of May 15th, there was short interest totalling 3,000 shares, an increase of 900.0% from the April 30th total of 300 shares. Based on an average daily trading volume, of 10,300 shares, the days-to-cover ratio is presently 0.3 days.

SMG Industries Price Performance

Shares of SMG Industries stock traded down $0.04 during mid-day trading on Friday, hitting $0.15. 946 shares of the stock were exchanged, compared to its average volume of 15,028. SMG Industries has a 12 month low of $0.10 and a 12 month high of $0.39. The company has a 50-day simple moving average of $0.17 and a 200 day simple moving average of $0.18.

SMG Industries Company Profile

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SMG Industries, Inc engages in the provision of transportation services. The company was founded by Ailon Z. Grushkin and Richard A. Biele on January 7, 2008 and is headquartered in Houston, TX.

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