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

SMA Solar Technology AG (OTCMKTS:SMTGF) was the target of a large decline in short interest in the month of September. As of September 30th, there was short interest totalling 89,400 shares, a decline of 34.3% from the September 15th total of 136,100 shares. Based on an average trading volume of 100 shares, the days-to-cover ratio is currently 894.0 days.

SMA Solar Technology Stock Performance

Shares of SMA Solar Technology stock remained flat at $19.26 during trading hours on Friday. SMA Solar Technology has a 12 month low of $19.26 and a 12 month high of $67.11. The company’s 50-day moving average price is $23.32 and its 200 day moving average price is $38.83.

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.