Short Interest in Smith-Midland Co. (NASDAQ:SMID) Rises By 31.8%

Smith-Midland Co. (NASDAQ:SMID) was the recipient of a large increase in short interest in the month of April. As of April 15th, there was short interest totalling 97,500 shares, an increase of 31.8% from the March 31st total of 74,000 shares. Based on an average daily trading volume, of 26,100 shares, the days-to-cover ratio is presently 3.7 days. Approximately 2.2% of the company’s shares are sold short.

Smith-Midland Trading Down 0.5 %

NASDAQ:SMID traded down $0.20 on Friday, reaching $36.83. The company’s stock had a trading volume of 8,301 shares, compared to its average volume of 18,522. Smith-Midland has a 12-month low of $14.26 and a 12-month high of $48.87. The stock has a 50 day moving average price of $40.73 and a 200 day moving average price of $35.63. The firm has a market cap of $193.73 million, a price-to-earnings ratio of 334.85 and a beta of 1.20. The company has a quick ratio of 1.99, a current ratio of 2.31 and a debt-to-equity ratio of 0.16.

Institutional Trading of Smith-Midland

Institutional investors and hedge funds have recently bought and sold shares of the stock. Heritage Investors Management Corp increased its position in shares of Smith-Midland by 6.9% during the third quarter. Heritage Investors Management Corp now owns 44,268 shares of the company’s stock valued at $839,000 after acquiring an additional 2,870 shares during the last quarter. Thompson Davis & CO. Inc. boosted its position in shares of Smith-Midland by 10.2% during the 4th quarter. Thompson Davis & CO. Inc. now owns 1,356,453 shares of the company’s stock worth $53,580,000 after purchasing an additional 125,873 shares during the period. Victory Capital Management Inc. acquired a new stake in Smith-Midland in the 4th quarter valued at approximately $148,000. Finally, Buckingham Capital Management Inc. purchased a new stake in Smith-Midland in the fourth quarter valued at approximately $395,000. 49.94% of the stock is currently owned by hedge funds and other institutional investors.

Smith-Midland Company Profile

Smith-Midland Corporation, through its subsidiaries, invents, develops, manufactures, markets, leases, licenses, sells, and installs precast concrete products and systems primarily for use in the construction, highway, utilities, and farming industries. It offers SlenderWall, a patented, lightweight, energy efficient concrete and steel exterior wall panel for use in building construction; Sierra Wall that provides sound and sight barrier for use alongside highways around residential, industrial, and commercial properties; J-J Hooks highway safety barriers for use on roadways to separate lanes of traffic in construction work zone or traffic control purposes; and Easi-Set precast building and Easi-Span expandable precast buildings for use in housing communications operations, traffic control systems, and mechanical and electrical stations.