SMA Solar Technology AG (OTCMKTS:SMTGF) Sees Significant Increase in Short Interest

SMA Solar Technology AG (OTCMKTS:SMTGF) saw a significant increase in short interest in the month of April. As of April 30th, there was short interest totaling 50,884 shares, an increase of 75.6% from the April 15th total of 28,980 shares. Based on an average daily trading volume, of 294 shares, the days-to-cover ratio is currently 173.1 days.

Analysts Set New Price Targets

Separately, Jefferies Financial Group restated a “buy” rating on shares of SMA Solar Technology in a research report on Wednesday. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company presently has an average rating of “Buy”.

SMA Solar Technology Stock Up 10.7%

SMTGF stock traded up $7.80 during midday trading on Monday, hitting $80.90. 3,623 shares of the stock traded hands, compared to its average volume of 2,230. The stock’s fifty day simple moving average is $51.38 and its 200-day simple moving average is $42.92. SMA Solar Technology has a 1-year low of $18.20 and a 1-year high of $82.00.

About SMA Solar Technology

SMA Solar Technology AG is a Germany-based company specializing in the development, production and sale of photovoltaic inverters and energy management solutions for all types of solar power applications. The company’s product portfolio spans string inverters, central inverters and hybrid inverter systems designed for residential, commercial and utility-scale installations. In addition to core inverter technology, SMA offers integrated energy storage solutions, system monitoring platforms and digital services aimed at optimizing solar power generation and grid integration.

Founded in 1981 and headquartered in Niestetal near Kassel, SMA Solar Technology has grown into a global supplier with a presence in Europe, the Americas and Asia-Pacific.