SMA Solar Technology AG (OTCMKTS:SMTGY) Short Interest Down 82.4% in June

SMA Solar Technology AG (OTCMKTS:SMTGY) was the target of a large drop in short interest during the month of June. As of June 30th, there was short interest totaling 325 shares, a drop of 82.4% from the June 15th total of 1,845 shares. Based on an average daily trading volume, of 5,471 shares, the days-to-cover ratio is presently 0.1 days.

SMA Solar Technology Stock Performance

SMTGY stock remained flat at $5.91 during mid-day trading on Monday. The company’s stock had a trading volume of 10 shares, compared to its average volume of 2,029. The firm has a 50 day simple moving average of $6.66. SMA Solar Technology has a 12-month low of $1.83 and a 12-month high of $8.44.

SMA Solar Technology Company Profile

SMA Solar Technology AG (OTCMKTS: SMTGY) is a Germany-based provider of solar power equipment and energy management solutions. The company specializes in the development, manufacture and sale of photovoltaic (PV) inverters, which convert direct current generated by solar panels into alternating current suitable for residential, commercial and utility-scale applications. SMA’s product lineup also extends to hybrid inverters, battery inverters, and complete energy storage systems, enabling customers to integrate renewable energy sources, storage and consumption under a single platform.

In addition to inverters, SMA offers digital monitoring and management software that allows operators to optimize system performance, troubleshoot faults and analyze energy yields in real time.