SMA Solar Technology AG (OTCMKTS:SMTGF) Shares Shorted: Short Interest Up 134.2% in September

SMA Solar Technology AG (OTCMKTS:SMTGF) was the target of a large growth in short interest in September. As of September 30th, there was short interest totaling 185,847 shares, a growth of 134.2% from the September 15th total of 79,351 shares. Based on an average daily volume of 64 shares, the days-to-cover ratio is currently 2,903.9 days.

SMA Solar Technology Price Performance

Shares of OTCMKTS:SMTGF opened at $66.95 on Thursday. The business’s 50 day moving average is $64.91 and its 200 day moving average is $63.78. SMA Solar Technology has a 12-month low of $27.50 and a 12-month high of $82.00.

Analyst Ratings Changes

A number of research analysts have weighed in on SMTGF shares. Jefferies Financial Group reaffirmed a “buy” rating on shares of SMA Solar Technology in a research note on Tuesday. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of SMA Solar Technology in a report on Monday, August 17th. Two analysts have rated the stock with a Buy rating. According to data from MarketBeat, SMA Solar Technology has an average rating of “Buy”.

About SMA Solar Technology

SMA Solar Technology AG is a Germany-based provider of solar energy and energy management solutions. The company develops and manufactures photovoltaic inverters, which convert electricity generated by solar panels into usable alternating current for homes, businesses and utility-scale power systems.

Its product portfolio includes residential and commercial solar inverters, large-scale central and string inverters, battery-storage systems, energy management technology and monitoring platforms.