Elmet Group Co. (NASDAQ:ELMT) Sees Significant Growth in Short Interest

Elmet Group Co. (NASDAQ:ELMT) saw a significant growth in short interest in April. As of April 30th, there was short interest totaling 1,009,710 shares, a growth of ∞ from the April 15th total of 0 shares. Currently, 3.5% of the shares of the stock are short sold. Based on an average trading volume of 1,346,740 shares, the short-interest ratio is currently 0.7 days.

Analysts Set New Price Targets

Separately, Wall Street Zen raised shares of Elmet Group to a “hold” rating in a research note on Saturday, May 2nd.

Elmet Group Stock Down 4.3%

Shares of ELMT stock traded down $0.69 during trading hours on Friday, reaching $15.45. 282,033 shares of the stock were exchanged, compared to its average volume of 632,789. Elmet Group has a 12-month low of $14.69 and a 12-month high of $22.25.

Insider Buying and Selling at Elmet Group

In related news, Director Kimberly Monzeglio Anania bought 7,000 shares of the business’s stock in a transaction that occurred on Wednesday, April 22nd. The stock was bought at an average cost of $14.00 per share, with a total value of $98,000.00. Following the completion of the purchase, the director owned 7,000 shares of the company’s stock, valued at approximately $98,000. The trade was a ∞ increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Kathie Merrill Leonard bought 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, April 22nd. The shares were bought at an average cost of $14.00 per share, with a total value of $70,000.00. Following the completion of the purchase, the director directly owned 5,000 shares of the company’s stock, valued at $70,000. This represents a ∞ increase in their position. The disclosure for this purchase is available in the SEC filing.

Elmet Group Company Profile

Elmet provides precision-engineered components and advanced high-energy systems for growth markets. Our customers in these markets require advanced technology involving critical and strategic materials, such as tungsten, molybdenum and niobium (such materials, the “Critical Materials”) and high-level radio frequency (“RF”) engineering, including plasma generation, radar, and other high-energy systems (together, “High-Power Microwave”). Our products and solutions are integral to the Aerospace, Defense and Government, Industrial, Medical, Semiconductor and Electronics, and Energy industries.