SMC Entertainment, Inc. (OTCMKTS:SMCE) Short Interest Up 532.3% in October

SMC Entertainment, Inc. (OTCMKTS:SMCE) saw a large increase in short interest during the month of October. As of October 15th, there was short interest totalling 191,600 shares, an increase of 532.3% from the September 30th total of 30,300 shares. Based on an average daily volume of 8,220,400 shares, the days-to-cover ratio is currently 0.0 days.

SMC Entertainment Stock Performance

Shares of SMCE remained flat at $0.00 during mid-day trading on Friday. 5,216,296 shares of the company’s stock were exchanged, compared to its average volume of 11,606,363. The firm has a market cap of $2.03 million, a price-to-earnings ratio of -0.15 and a beta of 0.60. SMC Entertainment has a 52 week low of $0.00 and a 52 week high of $0.01.

SMC Entertainment (OTCMKTS:SMCE) last posted its earnings results on Thursday, August 22nd. The company reported ($0.01) earnings per share for the quarter.

SMC Entertainment Company Profile

SMC Entertainment, Inc focuses on the acquisition and support of financial technology companies in the United States. The company develops and provides technology that combines artificial intelligence (AI) /machine learning (ML) driven Quantitative investing (IQ Engine) with AI-enabled wealth management tools; and offers IQ Engine, an AI driven contextual analyzer that creates a repository of various equity research.