The stock is trading at $1.65 which is quite a bit above $1.40, the stock’s 50 day moving average and which is significantly above the 200 day moving average of $1.21. The 50 day moving average was up by +17.53% and the 200 day average went up $0.44 or +36.66%. 37K shares changed hands in the last trading session. Shares saw a steep decrease in trading volume of 71.91% under the normal average daily volume.
Traders are a little more bearish on Smith Micro Software, Inc. lately if you evaluate the change in short interest. The company realized a rise in short interest between September 29, 2017 and October 13, 2017 of 9.93%. Short interest grew from 232,421 to 255,501 over that timeframe. Days to cover decreased from 11.0 to 1.0 and the percentage of shorted shares was 0.02% on October 13.
Additionally, here are a few investment firms who have increased or decreased their stake in (SMSI). As of quarter end Citadel Advisors LLC had disposed of a total of 6,660 shares trimming its position 37.6%. The value of the total investment in Smith Micro Software, Inc. increased from $13,000 to $16,000 a change of 23.1% quarter to quarter.
Smith Micro Software, Inc. (Smith Micro), launched on May 25, 1995, is a provider of software solutions. The Company operates through two segments: Wireless and Graphics. The Company provides solutions and services to simplify and enhance the mobile experience. Using its device software, along with voice, video and messaging applications, the Company creates new opportunities to engage consumers and monetize mobile services. In addition to wireless and mobility software, the Company develops two-dimensional (2D) and three-dimensional (3D) graphics software used by professional artists, animators, illustrators and designers. The Company also offers Family Safety platform for family locator and parental controls..