Short Interest in SolarMax Technology, Inc. (NASDAQ:SMXT) Declines By 31.0%

SolarMax Technology, Inc. (NASDAQ:SMXT) was the recipient of a large decline in short interest during the month of January. As of January 31st, there was short interest totalling 571,000 shares, a decline of 31.0% from the January 15th total of 827,700 shares. Currently, 2.0% of the company’s shares are short sold. Based on an average daily volume of 383,400 shares, the days-to-cover ratio is presently 1.5 days.

Institutional Investors Weigh In On SolarMax Technology

Several large investors have recently made changes to their positions in the stock. Geode Capital Management LLC grew its position in shares of SolarMax Technology by 242.1% in the 4th quarter. Geode Capital Management LLC now owns 417,437 shares of the company’s stock valued at $676,000 after acquiring an additional 295,415 shares during the period. Northern Trust Corp boosted its stake in shares of SolarMax Technology by 505.8% during the 4th quarter. Northern Trust Corp now owns 198,191 shares of the company’s stock worth $321,000 after acquiring an additional 165,476 shares during the period. JPMorgan Chase & Co. boosted its stake in shares of SolarMax Technology by 4,844.9% during the 4th quarter. JPMorgan Chase & Co. now owns 109,232 shares of the company’s stock worth $177,000 after acquiring an additional 107,023 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in shares of SolarMax Technology by 541.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 72,186 shares of the company’s stock worth $117,000 after buying an additional 60,928 shares during the period. Finally, Barclays PLC boosted its position in shares of SolarMax Technology by 535.6% in the fourth quarter. Barclays PLC now owns 46,290 shares of the company’s stock valued at $75,000 after acquiring an additional 39,007 shares during the period.

SolarMax Technology Trading Down 6.2 %

Shares of SMXT traded down $0.12 on Friday, reaching $1.74. 181,430 shares of the company’s stock were exchanged, compared to its average volume of 185,188. The business has a 50 day moving average price of $1.59 and a two-hundred day moving average price of $1.59. SolarMax Technology has a 12 month low of $0.60 and a 12 month high of $15.88.

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.