SMA Solar Technology AG (OTCMKTS:SMTGF) Stock Short Interest Rises 134.2%

SMA Solar Technology AG (OTCMKTS:SMTGF) was the target of a significant growth in short interest during the month of September. As of September 30th, there was short interest totaling 185,847 shares, a growth of 134.2% from the September 15th total of 79,351 shares. Based on an average trading volume of 64 shares, the days-to-cover ratio is presently 2,903.9 days.

Analysts Set New Price Targets

SMTGF has been the subject of several recent research reports. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of SMA Solar Technology in a report on Monday, August 17th. Jefferies Financial Group reiterated a “buy” rating on shares of SMA Solar Technology in a research note on Tuesday. Two analysts have rated the stock with a Buy rating. Based on data from MarketBeat, SMA Solar Technology presently has a consensus rating of “Buy”.

SMA Solar Technology Stock Performance

SMTGF opened at $66.95 on Wednesday. SMA Solar Technology has a 1 year low of $27.50 and a 1 year high of $82.00. The stock’s 50 day simple moving average is $64.82 and its 200-day simple moving average is $63.60.

About SMA Solar Technology

SMA Solar Technology AG is a Germany-based provider of solar energy and energy management solutions. The company develops and manufactures photovoltaic inverters, which convert electricity generated by solar panels into usable alternating current for homes, businesses and utility-scale power systems.

Its product portfolio includes residential and commercial solar inverters, large-scale central and string inverters, battery-storage systems, energy management technology and monitoring platforms.