SolarMax Technology, Inc. (NASDAQ:SMXT) Short Interest Update

SolarMax Technology, Inc. (NASDAQ:SMXT) was the target of a significant drop in short interest during the month of November. As of November 30th, there was short interest totalling 302,900 shares, a drop of 18.3% from the November 15th total of 370,600 shares. Based on an average trading volume of 352,900 shares, the short-interest ratio is currently 0.9 days. Approximately 1.1% of the shares of the stock are short sold.

Hedge Funds Weigh In On SolarMax Technology

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

SolarMax Technology Trading Down 26.9 %

Shares of SMXT stock traded down $0.43 during trading hours on Monday, hitting $1.17. 417,054 shares of the company’s stock were exchanged, compared to its average volume of 259,031. SolarMax Technology has a 12-month low of $0.60 and a 12-month high of $15.88. The business’s 50 day simple moving average is $1.20 and its 200-day simple moving average is $2.45.

SolarMax Technology Company Profile

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.