SCHMID Group (NASDAQ:SHMD) Short Interest Down 16.6% in March

SCHMID Group (NASDAQ:SHMD) was the recipient of a large 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. Approximately 0.4% of the company’s stock are sold short. Based on an average daily trading volume, of 50,000 shares, the short-interest ratio is presently 1.2 days.

SCHMID Group Price Performance

Shares of NASDAQ:SHMD traded down $0.05 during midday trading on Wednesday, reaching $3.71. The company had a trading volume of 17,837 shares, compared to its average volume of 45,696. The business’s 50 day moving average price is $2.70 and its 200 day moving average price is $2.88. 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

A hedge fund recently raised its stake in SCHMID Group stock. Yakira Capital Management Inc. grew its stake in shares of SCHMID Group (NASDAQ:SHMD) by 122.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 193,406 shares of the company’s stock after acquiring an additional 106,524 shares during the period. Yakira Capital Management Inc. owned 1.91% of SCHMID Group worth $596,000 at the end of the most recent quarter. 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.