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

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

SMA Solar Technology Stock Performance

SMA Solar Technology stock traded down $0.07 during trading hours on Friday, reaching $1.56. 4,023 shares of the company’s stock traded hands, compared to its average volume of 3,970. SMA Solar Technology has a fifty-two week low of $1.22 and a fifty-two week high of $6.34. The firm’s 50 day moving average is $1.43 and its 200-day moving average is $1.97.

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.