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

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

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in SMID. Victory Capital Management Inc. purchased a new stake in shares of Smith-Midland in the 4th quarter valued at approximately $148,000. Buckingham Capital Management Inc. acquired a new stake in Smith-Midland during the 4th quarter valued at $395,000. Heritage Investors Management Corp raised its stake in Smith-Midland by 6.9% during the 3rd quarter. Heritage Investors Management Corp now owns 44,268 shares of the company’s stock valued at $839,000 after purchasing an additional 2,870 shares during the period. Finally, Thompson Davis & CO. Inc. lifted its holdings in shares of Smith-Midland by 10.2% in the fourth quarter. Thompson Davis & CO. Inc. now owns 1,356,453 shares of the company’s stock valued at $53,580,000 after purchasing an additional 125,873 shares in the last quarter. 49.94% of the stock is owned by hedge funds and other institutional investors.

Smith-Midland Trading Down 0.5 %

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

About Smith-Midland

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.