A Reversal for Smartfinancial Inc (NASDAQ:SMBK) Is Not Near. The Stock Has Rise in Shorts

SmartFinancial, Inc. (NASDAQ:SMBK) Logo

The stock of Smartfinancial Inc (NASDAQ:SMBK) registered an increase of 4.91% in short interest. SMBK’s total short interest was 279,700 shares in June as published by FINRA. Its up 4.91% from 266,600 shares, reported previously. With 22,500 shares average volume, it will take short sellers 12 days to cover their SMBK’s short positions.

The stock increased 0.57% or $0.12 during the last trading session, reaching $21.31. About 3,981 shares traded. SmartFinancial, Inc. (NASDAQ:SMBK) has declined 13.43% since June 11, 2018 and is downtrending. It has underperformed by 17.86% the S&P500.

SmartFinancial, Inc. operates as the bank holding firm for the SmartBank that provides various banking services to individuals and corporate clients in the United States. The company has market cap of $297.31 million. The firm offers various deposit products, including interest bearing and non-interest bearing checking accounts, savings accounts, money market accounts, individual retirement accounts, and certificates of deposit. It has a 14.4 P/E ratio. It also provides loan products, such as commercial real estate loans, consumer real estate loans, construction and land development loans, commercial and industrial loans, and consumer and other loans, such as direct consumer installment loans, overdrafts and other revolving credit loans, and educational loans.

More notable recent SmartFinancial, Inc. (NASDAQ:SMBK) news were published by: Globenewswire.com which released: “SmartFinancial, Inc. Announces $10 Million Stock Repurchase Plan – GlobeNewswire” on November 20, 2018, also Finance.Yahoo.com with their article: “If You Like EPS Growth Then Check Out SmartFinancial (NASDAQ:SMBK) Before It’s Too Late – Yahoo Finance” published on May 22, 2019, Globenewswire.com published: “MERGER ALERT – VSM, NUBK and ENFC: Levi & Korsinsky, LLP Reminds Investors of Investigations Concerning the Sale of these Companies – GlobeNewswire” on February 05, 2019. More interesting news about SmartFinancial, Inc. (NASDAQ:SMBK) were released by: Seekingalpha.com and their article: “Merger Arbitrage Mondays – January 21, 2018 – Seeking Alpha” published on January 21, 2019 as well as Globenewswire.com‘s news article titled: “SmartFinancial, Inc. Completes $40 Million Subordinated Debt Offering – GlobeNewswire” with publication date: October 01, 2018.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.