Short Interest in SCHMID Group N.V. (NASDAQ:SHMD) Increases By 37.0%

SCHMID Group N.V. (NASDAQ:SHMD) was the recipient of a large increase in short interest in January. As of January 30th, there was short interest totaling 1,393,562 shares, an increase of 37.0% from the January 15th total of 1,017,453 shares. Approximately 16.2% of the company’s stock are short sold. Based on an average trading volume of 481,751 shares, the days-to-cover ratio is presently 2.9 days. Based on an average trading volume of 481,751 shares, the days-to-cover ratio is presently 2.9 days. Approximately 16.2% of the company’s stock are short sold.

SCHMID Group Trading Down 13.1%

Shares of NASDAQ SHMD traded down $1.14 during mid-day trading on Friday, reaching $7.55. 705,787 shares of the company’s stock were exchanged, compared to its average volume of 430,747. The firm has a 50-day moving average price of $7.31 and a two-hundred day moving average price of $4.76. SCHMID Group has a 52 week low of $2.00 and a 52 week high of $10.65.

Hedge Funds Weigh In On SCHMID Group

Several institutional investors have recently bought and sold shares of the company. Envestnet Asset Management Inc. increased its position in SCHMID Group by 38.8% in the second quarter. Envestnet Asset Management Inc. now owns 166,573 shares of the company’s stock worth $461,000 after buying an additional 46,573 shares during the last quarter. Magnetar Financial LLC bought a new position in shares of SCHMID Group during the 2nd quarter worth $135,000. Sculptor Capital LP purchased a new stake in SCHMID Group in the 2nd quarter worth about $587,000. TENOR CAPITAL MANAGEMENT Co. L.P. bought a new stake in SCHMID Group in the 3rd quarter valued at about $40,000. Finally, FNY Investment Advisers LLC purchased a new stake in SCHMID Group during the fourth quarter valued at about $31,000. Hedge funds and other institutional investors own 46.03% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen raised shares of SCHMID Group to a “hold” rating in a research report on Saturday, November 22nd. One analyst has rated the stock with a Sell rating, According to MarketBeat, SCHMID Group has an average rating of “Sell”.

About SCHMID Group

Schmid Group AG is a global engineering and manufacturing company specializing in flexible packaging and barrier coating technologies for a range of industries. The company’s core offerings include turnkey coating, metallization and extrusion lamination lines designed to enhance the functional performance of films and substrates used in food, pharmaceutical and medical packaging applications. Schmid Group’s expertise also encompasses process engineering, product development and on-site support services, enabling clients to optimize production efficiency and sustainability in high-volume manufacturing environments.

In addition to its barrier technologies, Schmid Group provides modular solutions for thin-film coating, printing, slitting and winding, as well as machinery for flat glass finishing such as washing, sanding and patterning.