SMA Solar Technology AG (OTCMKTS:SMTGY) Sees Significant Increase in Short Interest

SMA Solar Technology AG (OTCMKTS:SMTGY) was the target of a large growth in short interest during the month of December. As of December 31st, there was short interest totalling 20,200 shares, a growth of 23.9% from the December 15th total of 16,300 shares. Based on an average daily trading volume, of 9,000 shares, the days-to-cover ratio is currently 2.2 days.

SMA Solar Technology Price Performance

Shares of SMA Solar Technology stock traded down $0.04 on Friday, hitting $1.63. The company’s stock had a trading volume of 477 shares, compared to its average volume of 3,975. The firm has a fifty day moving average price of $1.43 and a 200-day moving average price of $1.98. SMA Solar Technology has a 52-week low of $1.22 and a 52-week high of $6.34.

SMA Solar Technology Company Profile

SMA Solar Technology AG, together with its subsidiaries, engages in development, production, and sale of PV and battery inverters, transformers, chokes, monitoring systems for PV systems, and charging solutions for electric vehicles in Germany and internationally. It operates through Home Solutions, Commercial and Industrial Solutions, and Large Scale and Project Solutions segments.