SCHMID Group (NASDAQ:SHMD) Sees Significant Decrease in Short Interest

SCHMID Group (NASDAQ:SHMD) saw a significant decline in short interest in 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 company’s shares are short sold. Based on an average daily volume of 50,000 shares, the short-interest ratio is presently 1.2 days.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in SCHMID Group stock. Yakira Capital Management Inc. increased its stake in shares of SCHMID Group (NASDAQ:SHMD) by 122.6% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 193,406 shares of the company’s stock after buying 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 and hedge funds own 46.03% of the company’s stock.

SCHMID Group Price Performance

NASDAQ SHMD traded down $0.05 during mid-day trading on Wednesday, reaching $3.71. 17,837 shares of the stock were exchanged, compared to its average volume of 45,696. The stock has a 50 day simple moving average of $2.70 and a 200-day simple moving average of $2.88. SCHMID Group has a one year low of $1.86 and a one year high of $6.13.

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.