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

SMA Solar Technology AG (OTCMKTS:SMTGY) was the target of a large growth in short interest in January. As of January 31st, there was short interest totalling 22,100 shares, a growth of 2,110.0% from the January 15th total of 1,000 shares. Based on an average trading volume of 6,800 shares, the short-interest ratio is currently 3.3 days.

SMA Solar Technology Stock Performance

SMTGY stock opened at $1.38 on Thursday. SMA Solar Technology has a fifty-two week low of $1.22 and a fifty-two week high of $6.34. The business has a 50 day moving average price of $1.45 and a 200 day moving average price of $1.78.

About SMA Solar Technology

SMA Solar Technology AG, together with its subsidiaries, engages in development, production, and sale of PV and battery inverters, transformers, chokes, monitoring systems for PV systems, and charging solutions for electric vehicles in Germany and internationally. It operates through Home Solutions, Commercial and Industrial Solutions, and Large Scale and Project Solutions segments.