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

SMA Solar Technology AG (OTCMKTS:SMTGY) was the recipient of a large decrease in short interest in December. As of December 15th, there was short interest totalling 16,300 shares, a decrease of 26.2% from the November 30th total of 22,100 shares. Based on an average daily trading volume, of 2,500 shares, the days-to-cover ratio is currently 6.5 days.

SMA Solar Technology Stock Down 1.3 %

SMTGY stock traded down $0.05 during trading hours on Monday, hitting $1.47. 1,001 shares of the stock were exchanged, compared to its average volume of 2,357. SMA Solar Technology has a 12 month low of $1.22 and a 12 month high of $6.60. The company has a 50-day simple moving average of $1.49 and a two-hundred day simple moving average of $2.16.

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.