Short Interest in SMA Solar Technology AG (OTCMKTS:SMTGY) Increases By 128.7%
by Danessa Lincoln · The Markets DailySMA Solar Technology AG (OTCMKTS:SMTGY – Get Free Report) was the recipient of a significant increase in short interest during the month of July. As of July 31st, there was short interest totaling 686 shares, an increase of 128.7% from the July 15th total of 300 shares. Based on an average daily volume of 2,800 shares, the days-to-cover ratio is presently 0.2 days.
SMA Solar Technology Price Performance
SMTGY remained flat at $6.16 on Friday. SMA Solar Technology has a fifty-two week low of $1.83 and a fifty-two week high of $8.44. The stock has a 50 day moving average price of $6.23 and a 200 day moving average price of $5.64.
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.