SCHMID Group (NASDAQ:SHMD) Short Interest Update

SCHMID Group (NASDAQ:SHMDGet Free Report) was the recipient of a large decrease in short interest during the month of February. As of February 28th, there was short interest totalling 69,700 shares, a decrease 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 presently 1.3 days. Currently, 0.5% of the shares of the company are sold short.

SCHMID Group Price Performance

SCHMID Group stock traded up $0.15 during mid-day trading on Friday, reaching $2.83. The company had a trading volume of 45,878 shares, compared to its average volume of 51,098. The company has a 50 day moving average of $2.54 and a 200-day moving average of $2.93. SCHMID Group has a 52 week low of $1.86 and a 52 week high of $6.13.

Institutional Investors Weigh In On SCHMID Group

A hedge fund recently raised its stake in SCHMID Group stock. Yakira Capital Management Inc. raised its position in SCHMID Group (NASDAQ:SHMDFree Report) by 122.6% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor 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 as of its most recent SEC filing. Institutional investors own 46.03% of the company’s stock.

SCHMID Group Company Profile

(Get Free Report)

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.

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