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 January. As of January 15th, there was short interest totaling 726 shares, an increase of 142.0% from the December 31st total of 300 shares. Based on an average daily volume of 1,168 shares, the days-to-cover ratio is presently 0.6 days. Based on an average daily volume of 1,168 shares, the days-to-cover ratio is presently 0.6 days.

SMA Solar Technology Price Performance

OTCMKTS SMTGY opened at $4.57 on Thursday. The stock has a 50-day moving average of $4.01 and a 200-day moving average of $3.09. SMA Solar Technology has a 1-year low of $1.27 and a 1-year high of $4.57.

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.