Short Interest in SolarMax Technology, Inc. (NASDAQ:SMXT) Increases By 45.1%

SolarMax Technology, Inc. (NASDAQ:SMXT) was the target of a significant growth in short interest in the month of February. As of February 15th, there was short interest totalling 828,600 shares, a growth of 45.1% from the January 31st total of 571,000 shares. Based on an average trading volume of 414,600 shares, the days-to-cover ratio is presently 2.0 days. Approximately 3.0% of the company’s shares are sold short.

SolarMax Technology Stock Down 3.4 %

SolarMax Technology stock opened at $1.12 on Tuesday. SolarMax Technology has a 52 week low of $0.60 and a 52 week high of $15.88. The company has a 50 day moving average price of $1.56 and a 200 day moving average price of $1.41.

Institutional Investors Weigh In On SolarMax Technology

Several hedge funds have recently bought and sold shares of the business. Jane Street Group LLC purchased a new stake in shares of SolarMax Technology in the third quarter worth approximately $27,000. Bank of America Corp DE increased its stake in SolarMax Technology by 451.5% in the 4th quarter. Bank of America Corp DE now owns 22,695 shares of the company’s stock valued at $37,000 after buying an additional 18,580 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in SolarMax Technology by 430.1% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,866 shares of the company’s stock worth $26,000 after buying an additional 12,873 shares in the last quarter. Northern Trust Corp lifted its position in SolarMax Technology by 505.8% in the 4th quarter. Northern Trust Corp now owns 198,191 shares of the company’s stock worth $321,000 after buying an additional 165,476 shares in the last quarter. Finally, Barclays PLC boosted its stake in shares of SolarMax Technology by 535.6% during the 4th quarter. Barclays PLC now owns 46,290 shares of the company’s stock valued at $75,000 after buying an additional 39,007 shares during the period.

About SolarMax Technology

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.