SMA Solar Technology AG (OTCMKTS:SMTGY) Short Interest Update

SMA Solar Technology AG (OTCMKTS:SMTGY) was the target of a large drop in short interest in the month of June. As of June 15th, there was short interest totaling 1,845 shares, a drop of 74.2% from the May 31st total of 7,143 shares. Based on an average daily trading volume, of 3,549 shares, the days-to-cover ratio is currently 0.5 days.

SMA Solar Technology Price Performance

SMA Solar Technology stock opened at $5.91 on Friday. SMA Solar Technology has a 12-month low of $1.83 and a 12-month high of $8.44. The firm’s fifty day moving average price is $6.65 and its 200 day moving average price is $5.10.

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.