SolarMax Technology, Inc. (NASDAQ:SMXT) Short Interest Down 18.3% in November

SolarMax Technology, Inc. (NASDAQ:SMXT) saw a significant decline in short interest in November. As of November 30th, there was short interest totalling 302,900 shares, a decline of 18.3% from the November 15th total of 370,600 shares. Approximately 1.1% of the shares of the stock are short sold. Based on an average daily volume of 352,900 shares, the days-to-cover ratio is presently 0.9 days.

Institutional Trading of SolarMax Technology

An institutional investor recently raised its position in SolarMax Technology stock. Concurrent Investment Advisors LLC raised its stake in SolarMax Technology, Inc. (NASDAQ:SMXT) by 76.1% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 24,650 shares of the company’s stock after acquiring an additional 10,650 shares during the quarter. Concurrent Investment Advisors LLC owned approximately 0.05% of SolarMax Technology worth $81,000 at the end of the most recent quarter.

SolarMax Technology Stock Down 19.6 %

SMXT traded down $0.39 during trading on Friday, reaching $1.60. 319,717 shares of the stock were exchanged, compared to its average volume of 258,247. The business’s 50 day moving average price is $1.20 and its two-hundred day moving average price is $2.52. SolarMax Technology has a 1 year low of $0.60 and a 1 year 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.