SCHMID Group N.V. (NASDAQ:SHMD) Short Interest Up 26.7% in December

SCHMID Group N.V. (NASDAQ:SHMD) saw a significant growth in short interest during the month of December. As of December 15th, there was short interest totaling 421,354 shares, a growth of 26.7% from the November 30th total of 332,612 shares. Based on an average daily volume of 148,978 shares, the short-interest ratio is presently 2.8 days. Currently, 4.9% of the company’s stock are short sold. Currently, 4.9% of the company’s stock are short sold. Based on an average daily volume of 148,978 shares, the short-interest ratio is presently 2.8 days.

SCHMID Group Stock Performance

Shares of SHMD opened at $6.23 on Wednesday. The company’s fifty day simple moving average is $4.76 and its 200 day simple moving average is $3.47. SCHMID Group has a 1-year low of $1.86 and a 1-year high of $6.70.

Institutional Investors Weigh In On SCHMID Group

Several hedge funds have recently bought and sold shares of SHMD. Envestnet Asset Management Inc. grew its holdings in SCHMID Group by 38.8% during the second quarter. Envestnet Asset Management Inc. now owns 166,573 shares of the company’s stock worth $461,000 after purchasing an additional 46,573 shares during the period. Magnetar Financial LLC acquired a new stake in shares of SCHMID Group in the second quarter valued at approximately $135,000. Sculptor Capital LP acquired a new stake in shares of SCHMID Group in the second quarter valued at approximately $587,000. Finally, TENOR CAPITAL MANAGEMENT Co. L.P. bought a new position in shares of SCHMID Group during the 3rd quarter worth approximately $40,000. 46.03% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

SHMD has been the subject of a number of analyst reports. Wall Street Zen raised shares of SCHMID Group to a “hold” rating in a research report on Saturday, November 22nd. Weiss Ratings restated a “sell (e+)” rating on shares of SCHMID Group in a report on Saturday, September 27th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, SCHMID Group presently 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.