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

SMA Solar Technology AG (OTCMKTS:SMTGY) was the recipient of a significant growth in short interest in February. As of February 27th, there was short interest totaling 3,174 shares, a growth of 958.0% from the February 12th total of 300 shares. Based on an average daily volume of 2,068 shares, the short-interest ratio is currently 1.5 days. Based on an average daily volume of 2,068 shares, the short-interest ratio is currently 1.5 days.

SMA Solar Technology Price Performance

OTCMKTS SMTGY opened at $3.51 on Wednesday. The company’s 50 day moving average is $3.99 and its 200-day moving average is $3.39. SMA Solar Technology has a 12-month low of $1.38 and a 12-month high of $4.57.

SMA Solar Technology Company Profile

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.