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

SMA Solar Technology AG (OTCMKTS:SMTGY) was the target of a significant increase in short interest in November. As of November 15th, there was short interest totalling 15,200 shares, an increase of 347.1% from the October 31st total of 3,400 shares. Based on an average daily volume of 7,000 shares, the short-interest ratio is presently 2.2 days.

SMA Solar Technology Stock Performance

Shares of OTCMKTS:SMTGY traded up $0.05 during midday trading on Wednesday, hitting $1.40. The company’s stock had a trading volume of 4,175 shares, compared to its average volume of 2,240. The business’s 50 day simple moving average is $1.71 and its 200 day simple moving average is $2.76. SMA Solar Technology has a 12-month low of $1.22 and a 12-month high of $6.80.

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.