Short Interest in SMA Solar Technology AG (OTCMKTS:SMTGY) Increases By 300.0%

SMA Solar Technology AG (OTCMKTS:SMTGY) saw a significant increase in short interest during the month of August. As of August 31st, there was short interest totalling 2,000 shares, an increase of 300.0% from the August 15th total of 500 shares. Based on an average daily volume of 500 shares, the days-to-cover ratio is currently 4.0 days.

Shares of SMA Solar Technology stock opened at $4.40 on Wednesday. SMA Solar Technology has a twelve month low of $3.98 and a twelve month high of $8.32. The company’s fifty day moving average is $5.11 and its 200 day moving average is $5.59.

About SMA Solar Technology

SMA Solar Technology AG engages in the development, production and sale of solar inverters and monitoring systems for solar power systems. It operates its business through the following segments: Residential, Commercial, Utility, Storage, and Digital Energy. The Residential segment caters to global markets for small photovoltaic (PV) systems with and without connection to a smart home solution.

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