Short Interest in SCHMID Group (NASDAQ:SHMD) Drops By 16.6%

SCHMID Group (NASDAQ:SHMD) saw a significant decline in short interest during the month of March. As of March 15th, there was short interest totalling 58,100 shares, a decline of 16.6% from the February 28th total of 69,700 shares. Currently, 0.4% of the shares of the company are short sold. Based on an average daily trading volume, of 50,000 shares, the days-to-cover ratio is currently 1.2 days.

SCHMID Group Stock Down 3.0 %

Shares of SHMD traded down $0.12 during mid-day trading on Tuesday, hitting $3.84. The company’s stock had a trading volume of 4,509 shares, compared to its average volume of 45,701. SCHMID Group has a 1-year low of $1.86 and a 1-year high of $6.13. The firm has a 50-day simple moving average of $2.67 and a 200 day simple moving average of $2.88.

Institutional Trading of SCHMID Group

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

SCHMID Group Company Profile

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.