SMX (Security Matters) Public Limited Company (NASDAQ:SMX) Stock Short Interest Report for October

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

SMX (Security Matters) Public Stock Up 4.3%

NASDAQ:SMX traded up $0.07 during mid-day trading on Monday, reaching $1.71. The stock had a trading volume of 123,675 shares, compared to its average volume of 133,718. SMX has a 1-year low of $1.60 and a 1-year high of $46,360.50. The stock’s 50 day simple moving average is $9.41 and its two-hundred day simple moving average is $126.29.

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

Analyst Upgrades and Downgrades

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