Smith-Midland Co. (OTCMKTS:SMID) Short Interest Up 25.0% in September

Smith-Midland Co. (OTCMKTS:SMID) saw a large growth in short interest in September. As of September 30th, there was short interest totalling 500 shares, a growth of 25.0% from the September 15th total of 400 shares. Based on an average daily trading volume, of 2,300 shares, the days-to-cover ratio is currently 0.2 days.

Shares of OTCMKTS:SMID traded up $0.30 during trading on Friday, reaching $6.90. 4,057 shares of the company were exchanged, compared to its average volume of 4,372. The business’s fifty day simple moving average is $6.12 and its 200-day simple moving average is $5.47. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.99 and a quick ratio of 1.79. Smith-Midland has a 12-month low of $2.95 and a 12-month high of $8.00. The firm has a market capitalization of $35.77 million, a PE ratio of 20.29 and a beta of 0.82.

Smith-Midland (OTCMKTS:SMID) last announced its quarterly earnings data on Tuesday, August 11th. The construction company reported $0.09 earnings per share (EPS) for the quarter. The company had revenue of $10.45 million for the quarter. Smith-Midland had a return on equity of 8.46% and a net margin of 3.83%.

About Smith-Midland

Smith-Midland Corporation, through its subsidiaries, invents, develops, manufactures, markets, leases, licenses, sells, and installs precast concrete products primarily for use in the construction, highway, utilities, and farming industries in the United States. The company offers Easi-Set SlenderWall lightweight construction panels, which are exterior cladding systems used for the exterior walls of buildings; and Easi-Set Sierra Wall that provides sound and sight barrier for use in highway projects, as well as residential, industrial, and commercial purposes.

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