SMA Solar Technology AG (OTCMKTS:SMTGY) Sees Large Drop in Short Interest

SMA Solar Technology AG (OTCMKTS:SMTGY) was the recipient of a large decrease in short interest in the month of February. As of February 13th, there was short interest totaling 300 shares, a decrease of 43.3% from the January 29th total of 529 shares. Based on an average trading volume of 1,132 shares, the short-interest ratio is currently 0.3 days. Based on an average trading volume of 1,132 shares, the short-interest ratio is currently 0.3 days.

SMA Solar Technology Price Performance

Shares of SMTGY opened at $3.88 on Friday. The stock has a 50-day moving average of $4.02 and a two-hundred day moving average of $3.33. SMA Solar Technology has a one year low of $1.38 and a one 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.