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

SMA Solar Technology AG (OTCMKTS:SMTGY) saw a large increase in short interest in the month of May. As of May 29th, there was short interest totaling 7,143 shares, an increase of 431.5% from the May 14th total of 1,344 shares. Based on an average daily volume of 7,183 shares, the days-to-cover ratio is presently 1.0 days.

SMA Solar Technology Stock Performance

Shares of SMA Solar Technology stock traded down $0.18 during trading hours on Wednesday, reaching $5.60. The stock had a trading volume of 902 shares, compared to its average volume of 1,863. The firm has a 50 day simple moving average of $6.54 and a two-hundred day simple moving average of $4.90. SMA Solar Technology has a 1 year low of $1.83 and a 1 year 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.