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

SMA Solar Technology AG (OTCMKTS:SMTGY) was the recipient of a significant decline in short interest in March. As of March 13th, there was short interest totaling 311 shares, a decline of 90.2% from the February 26th total of 3,174 shares. Based on an average daily trading volume, of 2,071 shares, the days-to-cover ratio is currently 0.2 days. Based on an average daily trading volume, of 2,071 shares, the days-to-cover ratio is currently 0.2 days.

SMA Solar Technology Price Performance

Shares of OTCMKTS:SMTGY remained flat at $4.30 during midday trading on Tuesday. 1,163 shares of the company were exchanged, compared to its average volume of 1,466. SMA Solar Technology has a fifty-two week low of $1.38 and a fifty-two week high of $4.65. The stock’s fifty day moving average price is $3.95 and its two-hundred day moving average price is $3.49.

About SMA Solar Technology

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.