SCHMID Group (NASDAQ:SHMD) Short Interest Down 26.4% in February

SCHMID Group (NASDAQ:SHMD) saw a large decline in short interest in 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. Approximately 0.5% of the company’s shares are short sold. Based on an average trading volume of 54,400 shares, the days-to-cover ratio is presently 1.3 days.

SCHMID Group Stock Up 1.4 %

Shares of SCHMID Group stock traded up $0.04 during trading on Tuesday, reaching $2.85. 5,526 shares of the company traded hands, compared to its average volume of 45,709. The company has a 50 day moving average price of $2.54 and a 200-day moving average price of $2.92. SCHMID Group has a 1-year low of $1.86 and a 1-year high of $6.13.

Hedge Funds Weigh In On SCHMID Group

An institutional investor recently raised its position in SCHMID Group stock. Yakira Capital Management Inc. increased its position in shares of SCHMID Group (NASDAQ:SHMD) by 122.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 193,406 shares of the company’s stock after buying 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 quarter. 46.03% of the stock is currently owned by hedge funds and other institutional investors.

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.