Short Interest in SCHMID Group (NASDAQ:SHMD) Decreases By 26.4%

SCHMID Group (NASDAQ:SHMD) was the recipient of a significant decrease in short interest during the month of February. As of February 28th, there was short interest totalling 69,700 shares, a decrease of 26.4% from the February 13th total of 94,700 shares. Based on an average trading volume of 54,400 shares, the days-to-cover ratio is presently 1.3 days. Approximately 0.5% of the shares of the stock are sold short.

Hedge Funds Weigh In On SCHMID Group

A hedge fund recently raised its stake in SCHMID Group stock. Hartree Partners LP raised its stake in SCHMID Group (NASDAQ:SHMD) by 2.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,058,000 shares of the company’s stock after buying an additional 23,000 shares during the period. SCHMID Group comprises about 1.2% of Hartree Partners LP’s portfolio, making the stock its 24th biggest position. Hartree Partners LP owned 10.45% of SCHMID Group worth $3,174,000 as of its most recent filing with the Securities and Exchange Commission. Institutional investors own 46.03% of the company’s stock.

SCHMID Group Stock Performance

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

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.