SCHMID Group N.V. (NASDAQ:SHMD) Sees Large Increase in Short Interest

SCHMID Group N.V. (NASDAQ:SHMDGet 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

Institutional investors have recently bought and sold shares of the business. XTX Topco Ltd purchased a new position in SCHMID Group during the 1st quarter worth approximately $42,000. Magnetar Financial LLC acquired a new position in shares of SCHMID Group in the 2nd quarter valued at $135,000. Envestnet Asset Management Inc. lifted its stake in shares of SCHMID Group by 38.8% in the 2nd quarter. Envestnet Asset Management Inc. now owns 166,573 shares of the company’s stock valued at $461,000 after purchasing an additional 46,573 shares during the period. Tabor Asset Management LP acquired a new position in shares of SCHMID Group in the 1st quarter valued at $766,000. Finally, Sculptor Capital LP acquired a new position in shares of SCHMID Group in the 2nd quarter valued at $587,000. 46.03% of the stock is owned by hedge funds and other institutional investors.

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

(Get Free Report)

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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