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

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

SMA Solar Technology Stock Down 2.0 %

SMTGY stock traded down $0.03 during trading on Friday, reaching $1.49. 307 shares of the company were exchanged, compared to its average volume of 2,366. SMA Solar Technology has a 52-week low of $1.22 and a 52-week high of $6.60. The stock’s 50 day moving average price is $1.49 and its 200 day moving average price is $2.18.

SMA Solar Technology Company Profile

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.