SolarMax Technology, Inc. (NASDAQ:SMXT) Short Interest Update

SolarMax Technology, Inc. (NASDAQ:SMXT) saw a large increase in short interest in July. As of July 31st, there was short interest totalling 331,400 shares, an increase of 21.7% from the July 15th total of 272,200 shares. Based on an average daily volume of 119,900 shares, the short-interest ratio is presently 2.8 days. Currently, 1.2% of the company’s stock are sold short.

Hedge Funds Weigh In On SolarMax Technology

An institutional investor recently bought a new position in SolarMax Technology stock. Concurrent Investment Advisors LLC purchased a new stake in SolarMax Technology, Inc. (NASDAQ:SMXT) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 14,000 shares of the company’s stock, valued at approximately $128,000.

SolarMax Technology Stock Up 9.0 %

Shares of SMXT traded up $0.29 during trading hours on Friday, reaching $3.53. The stock had a trading volume of 157,403 shares, compared to its average volume of 93,274. SolarMax Technology has a 12 month low of $2.40 and a 12 month high of $15.88. The stock’s 50-day moving average is $3.92.

SolarMax Technology (NASDAQ:SMXT) last issued its earnings results on Wednesday, May 15th. The company reported ($0.46) earnings per share (EPS) for the quarter. The company had revenue of $5.76 million during the quarter.

SolarMax Technology Company Profile

SolarMax Technology, Inc, through its subsidiaries, operates as an integrated solar energy company in the United States and China. The company engages in the sale and installation of photovoltaic and battery backup systems; sale of LED systems; and identifying and procuring solar farm projects for resale to third parties, as well as provision of engineering, procuring, and construction services for solar farm projects.