Short Interest in SolarMax Technology, Inc. (NASDAQ:SMXT) Decreases By 17.0%

SolarMax Technology, Inc. (NASDAQ:SMXT) was the target of a significant decrease in short interest in October. As of October 31st, there was short interest totalling 395,800 shares, a decrease of 17.0% from the October 15th total of 476,700 shares. Based on an average daily trading volume, of 332,300 shares, the days-to-cover ratio is currently 1.2 days. Approximately 1.4% of the shares of the company are sold short.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in SolarMax Technology stock. Jane Street Group LLC acquired a new stake in SolarMax Technology, Inc. (NASDAQ:SMXT) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 43,211 shares of the company’s stock, valued at approximately $27,000. Jane Street Group LLC owned approximately 0.10% of SolarMax Technology as of its most recent SEC filing.

SolarMax Technology Price Performance

SolarMax Technology stock opened at $0.95 on Friday. SolarMax Technology has a 12-month low of $0.60 and a 12-month high of $15.88. The firm has a 50 day moving average of $0.89 and a 200 day moving average of $3.84.

SolarMax Technology (NASDAQ:SMXT) last announced its quarterly earnings data on Wednesday, August 14th. The company reported ($0.05) earnings per share (EPS) for the quarter. The firm had revenue of $4.45 million for the quarter.

About SolarMax Technology

SolarMax Technology, Inc, through its subsidiaries, operates as an integrated solar energy company in the United States and China. The company engages in the sale and installation of photovoltaic and battery backup systems; sale of LED systems; and identifying and procuring solar farm projects for resale to third parties, as well as provision of engineering, procuring, and construction services for solar farm projects.