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

SMA Solar Technology AG (OTCMKTS:SMTGY) was the recipient of a large decline in short interest in the month of June. As of June 30th, there was short interest totaling 325 shares, a decline of 82.4% from the June 15th total of 1,845 shares. Based on an average daily volume of 5,471 shares, the short-interest ratio is presently 0.1 days.

SMA Solar Technology Stock Performance

OTCMKTS:SMTGY remained flat at $5.91 during mid-day trading on Friday. 10 shares of the company traded hands, compared to its average volume of 2,029. SMA Solar Technology has a one year low of $1.83 and a one year high of $8.44. The stock has a 50 day moving average price of $6.66 and a 200 day moving average price of $5.22.

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.