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

SMA Solar Technology AG (OTCMKTS:SMTGY) saw a large drop in short interest in March. As of March 15th, there was short interest totalling 12,100 shares, a drop of 44.7% from the February 28th total of 21,900 shares. Based on an average trading volume of 14,300 shares, the days-to-cover ratio is currently 0.8 days.

SMA Solar Technology Price Performance

Shares of OTCMKTS SMTGY traded down $0.22 during midday trading on Friday, reaching $2.04. The company’s stock had a trading volume of 763 shares, compared to its average volume of 4,894. The stock has a 50 day simple moving average of $1.75 and a 200-day simple moving average of $1.68. SMA Solar Technology has a fifty-two week low of $1.22 and a fifty-two week high of $5.75.

About SMA Solar Technology

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.