SolarMax Technology, Inc. (NASDAQ:SMXT) Short Interest Up 48.0% in January

SolarMax Technology, Inc. (NASDAQ:SMXT) was the target of a significant increase in short interest in January. As of January 15th, there was short interest totalling 827,700 shares, an increase of 48.0% from the December 31st total of 559,200 shares. Currently, 3.0% of the company’s stock are short sold. Based on an average daily volume of 377,300 shares, the short-interest ratio is presently 2.2 days.

SolarMax Technology Price Performance

Shares of NASDAQ SMXT traded down $0.07 during mid-day trading on Friday, hitting $1.69. The company had a trading volume of 112,998 shares, compared to its average volume of 219,359. The firm has a 50-day simple moving average of $1.62 and a two-hundred day simple moving average of $1.72. SolarMax Technology has a one year low of $0.60 and a one year high of $15.88.

Institutional Inflows and Outflows

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

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.