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

SCHMID Group (NASDAQ:SHMD) was the recipient of a large increase in short interest in December. As of December 15th, there was short interest totalling 75,900 shares, an increase of 54.0% from the November 30th total of 49,300 shares. Approximately 0.5% of the shares of the company are short sold. Based on an average trading volume of 41,000 shares, the short-interest ratio is currently 1.9 days.

SCHMID Group Stock Performance

Shares of NASDAQ SHMD traded down $0.17 during trading hours on Monday, reaching $2.97. The stock had a trading volume of 49,304 shares, compared to its average volume of 44,617. SCHMID Group has a twelve month low of $1.98 and a twelve month high of $6.13. The business’s fifty day moving average is $2.81 and its two-hundred day moving average is $3.59.

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.