Short Interest in SCHMID Group (NASDAQ:SHMD) Declines By 19.0%

SCHMID Group (NASDAQ:SHMD) saw a significant drop in short interest in the month of September. As of September 15th, there was short interest totalling 85,000 shares, a drop of 19.0% from the August 31st total of 104,900 shares. Based on an average daily trading volume, of 40,000 shares, the days-to-cover ratio is currently 2.1 days. Approximately 0.6% of the shares of the company are short sold.

SCHMID Group Stock Performance

SHMD stock traded down $0.38 during midday trading on Friday, hitting $3.36. 64,782 shares of the stock traded hands, compared to its average volume of 24,452. The company’s fifty day moving average is $3.99. SCHMID Group has a 1-year low of $2.69 and a 1-year high of $6.13.

About SCHMID Group

Pegasus Digital Mobility Acquisition Corp. is a blank check company. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or related business combination with one or more businesses. Pegasus Digital Mobility Acquisition Corp. is based in George Town, Cayman Islands.