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

SMA Solar Technology AG (OTCMKTS:SMTGF) was the recipient of a large drop in short interest in the month of January. As of January 15th, there was short interest totalling 140,400 shares, a drop of 32.8% from the December 31st total of 208,900 shares. Based on an average daily trading volume, of 200 shares, the short-interest ratio is currently 702.0 days.

SMA Solar Technology Price Performance

SMTGF opened at $15.00 on Friday. The firm’s fifty day simple moving average is $14.59 and its 200 day simple moving average is $19.22. SMA Solar Technology has a 12 month low of $12.73 and a 12 month high of $63.84.

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.