Elmet Group Co. (NASDAQ:ELMT) Short Interest Update

Posted by on May 18th, 2026

Elmet Group Co. (NASDAQ:ELMT – Get Free Report) was the target of 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. Based on an average daily trading volume, of 1,346,740 shares, the days-to-cover ratio is presently 0.7 days. Currently, 3.5% of the company’s stock are sold short.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. Needham & Company LLC assumed coverage on shares of Elmet Group in a research report on Monday. They set a “buy” rating and a $21.00 target price on the stock. Canaccord Genuity Group assumed coverage on shares of Elmet Group in a research report on Monday. They set a “buy” rating and a $20.00 target price on the stock. Wall Street Zen upgraded Elmet Group to a “hold” rating in a research report on Saturday, May 2nd. Cantor Fitzgerald assumed coverage on Elmet Group in a research report on Monday. They set an “overweight” rating and a $20.00 target price for the company. Finally, Roth Mkm assumed coverage on Elmet Group in a research report on Monday. They set a “buy” rating and a $21.00 target price for the company. Four analysts have rated the stock with a Buy rating, According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $20.50.

Check Out Our Latest Stock Report on ELMT

Insiders Place Their Bets

In other Elmet Group news, Director Kimberly Monzeglio Anania purchased 7,000 shares of the stock in a transaction dated Wednesday, April 22nd. The shares were acquired at an average price of $14.00 per share, for a total transaction of $98,000.00. Following the completion of the acquisition, the director owned 7,000 shares of the company’s stock, valued at $98,000. This represents a ∞ increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Kathie Merrill Leonard bought 5,000 shares of the business’s stock in a transaction on Wednesday, April 22nd. The stock was bought at an average price of $14.00 per share, with a total value of $70,000.00. Following the transaction, the director owned 5,000 shares in the company, valued at approximately $70,000. This represents a ∞ increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure.

Elmet Group Stock Down 8.2%

Shares of NASDAQ ELMT traded down $1.26 during trading on Monday, reaching $14.19. The company had a trading volume of 410,487 shares, compared to its average volume of 618,644. Elmet Group has a 52 week low of $14.27 and a 52 week high of $22.25.

Elmet Group Company Profile

(Get Free Report)

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.

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