Smartfinancial Inc (NASDAQ:SMBK) Shorted Shares Increased By 6.45%

SmartFinancial, Inc. (NASDAQ:SMBK) Logo

The stock of Smartfinancial Inc (NASDAQ:SMBK) registered an increase of 6.45% in short interest. SMBK’s total short interest was 249,200 shares in September as published by FINRA. Its up 6.45% from 234,100 shares, reported previously. With 34,500 shares average volume, it will take short sellers 7 days to cover their SMBK’s short positions.

The stock increased 2.20% or $0.44 during the last trading session, reaching $20.47. About 25,916 shares traded. SmartFinancial, Inc. (NASDAQ:SMBK) has declined 15.31% since September 11, 2018 and is downtrending. It has underperformed by 15.31% 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 $285.62 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 11.28 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. to acquire Tullahoma, TN-based Southern Community Bank – GlobeNewswire” on December 12, 2017, also Seekingalpha.com with their article: “SmartFinancial and Entegra agree to $158.2M merger – Seeking Alpha” published on January 15, 2019, Globenewswire.com published: “SmartFinancial, Inc. Announces $10 Million Stock Repurchase Plan – GlobeNewswire” on November 20, 2018. More interesting news about SmartFinancial, Inc. (NASDAQ:SMBK) were released by: Globenewswire.com and their article: “SmartFinancial, Inc. Completes $40 Million Subordinated Debt Offering – GlobeNewswire” published on October 01, 2018 as well as Globenewswire.com‘s news article titled: “MERGER ALERT – VSM, NUBK and ENFC: Levi & Korsinsky, LLP Reminds Investors of Investigations Concerning the Sale of these Companies – GlobeNewswire” with publication date: February 05, 2019.

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