SCHMID Group (NASDAQ:SHMD) Short Interest Update

SCHMID Group (NASDAQ:SHMD) was the target of a large decline in short interest in the month of February. As of February 28th, there was short interest totalling 69,700 shares, a decline of 26.4% from the February 13th total of 94,700 shares. Based on an average daily volume of 54,400 shares, the days-to-cover ratio is currently 1.3 days. Currently, 0.5% of the company’s shares are sold short.

Institutional Investors Weigh In On SCHMID Group

A hedge fund recently raised its stake in SCHMID Group stock. Yakira Capital Management Inc. boosted its stake in SCHMID Group (NASDAQ:SHMD) by 122.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 193,406 shares of the company’s stock after acquiring an additional 106,524 shares during the quarter. Yakira Capital Management Inc. owned about 1.91% of SCHMID Group worth $596,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 46.03% of the company’s stock.

SCHMID Group Trading Down 3.2 %

NASDAQ SHMD traded down $0.09 during mid-day trading on Monday, hitting $2.74. The company’s stock had a trading volume of 7,501 shares, compared to its average volume of 50,498. SCHMID Group has a 52-week low of $1.86 and a 52-week high of $6.13. The stock’s fifty day simple moving average is $2.54 and its two-hundred day simple moving average is $2.92.

About SCHMID Group

SCHMID Group N.V. develops and manufactures equipment and process solutions for electronics, photovoltaics, glass, and energy systems in Germany and internationally. The company offers electronics equipment, ET board, vertical and horizontal wet process, vacuum metallization and tech, plating, chemical mechanical polishing, and automation system solutions; and systems and process solutions for manufacturing and processing photovoltaic products, such as wafers, cells, modules, and thin films, as well as turnkey production lines.