SMA Solar Technology AG (OTCMKTS:SMTGY) Shares Shorted: Short Interest Up 144.2% in October

SMA Solar Technology AG (OTCMKTS:SMTGY) saw a large growth in short interest during the month of October. As of October 30th, there was short interest totaling 1,934 shares, a growth of 144.2% from the October 15th total of 792 shares. Based on an average daily volume of 1,728 shares, the short-interest ratio is presently 1.1 days.

SMA Solar Technology Price Performance

SMA Solar Technology stock remained flat at $5.48 during midday trading on Friday. 1,116 shares of the company were exchanged, compared to its average volume of 1,739. SMA Solar Technology has a 12 month low of $3.36 and a 12 month high of $8.44. The stock has a 50-day simple moving average of $6.22 and a two-hundred day simple moving average of $5.87.

SMA Solar Technology Company Profile

SMA Solar Technology AG is a Germany-based developer and manufacturer of solar-energy technology. The company specializes in photovoltaic inverters, which convert electricity generated by solar panels into a form suitable for household, commercial and utility-scale use. It also provides related monitoring, control and energy-management solutions. SMA’s product portfolio serves residential customers, commercial and industrial businesses, solar developers, utilities and operators of large photovoltaic plants.