SCHMID Group N.V. (NASDAQ:SHMD – Get Free Report) was the target of a significant increase in short interest during the month of September. As of September 30th, there was short interest totaling 117,500 shares, an increase of 58.8% from the September 15th total of 74,000 shares. Approximately 0.8% of the company’s stock are sold short. Based on an average daily trading volume, of 34,300 shares, the days-to-cover ratio is currently 3.4 days. Based on an average daily trading volume, of 34,300 shares, the days-to-cover ratio is currently 3.4 days. Approximately 0.8% of the company’s stock are sold short.
Analysts Set New Price Targets
Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of SCHMID Group in a research note on Saturday, September 27th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company currently has an average rating of “Sell”.
Check Out Our Latest Stock Report on SCHMID Group
Hedge Funds Weigh In On SCHMID Group
SCHMID Group Price Performance
SHMD opened at $4.03 on Wednesday. SCHMID Group has a 12-month low of $1.86 and a 12-month high of $4.50. The firm has a 50 day moving average of $2.74 and a two-hundred day moving average of $2.89.
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.
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