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

SMA Solar Technology AG (OTCMKTS:SMTGY) saw a large drop in short interest during the month of January. As of January 30th, there was short interest totaling 529 shares, a drop of 27.1% from the January 15th total of 726 shares. Based on an average daily volume of 2,813 shares, the short-interest ratio is currently 0.2 days. Based on an average daily volume of 2,813 shares, the short-interest ratio is currently 0.2 days.

SMA Solar Technology Price Performance

SMTGY stock opened at $4.07 on Monday. SMA Solar Technology has a twelve month low of $1.38 and a twelve month high of $4.57. The business’s 50-day simple moving average is $4.09 and its 200 day simple moving average is $3.23.

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.