Smith-Midland Co. (NASDAQ:SMID) Short Interest Up 31.8% in April

Smith-Midland Co. (NASDAQ:SMID) saw a significant growth in short interest in 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. Based on an average trading volume of 26,100 shares, the short-interest ratio is presently 3.7 days. Approximately 2.2% of the company’s shares are short sold.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. Buckingham Capital Management Inc. acquired a new stake in shares of Smith-Midland in the fourth quarter valued at about $395,000. Victory Capital Management Inc. purchased a new stake in shares of Smith-Midland during the fourth quarter valued at approximately $148,000. Thompson Davis & CO. Inc. lifted its position in shares of Smith-Midland by 10.2% during the fourth 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 in the last quarter. Finally, Heritage Investors Management Corp boosted its stake in shares of Smith-Midland by 6.9% in the third 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. 49.94% of the stock is owned by hedge funds and other institutional investors.

Smith-Midland Trading Down 1.4 %

Shares of SMID stock traded down $0.53 during mid-day trading on Monday, reaching $36.30. The company’s stock had a trading volume of 14,997 shares, compared to its average volume of 25,796. The company has a quick ratio of 1.99, a current ratio of 2.31 and a debt-to-equity ratio of 0.16. The firm has a market capitalization of $190.94 million, a PE ratio of 334.85 and a beta of 1.20. The company’s 50 day simple moving average is $40.73 and its 200-day simple moving average is $35.74. Smith-Midland has a 12-month low of $15.23 and a 12-month high of $48.87.

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.