SMA Solar Technology AG (OTCMKTS:SMTGY) Short Interest Up 41.7% in April

SMA Solar Technology AG (OTCMKTS:SMTGY) saw a large growth in short interest during the month of April. As of April 15th, there was short interest totaling 1,421 shares, a growth of 41.7% from the March 31st total of 1,003 shares. Based on an average trading volume of 1,911 shares, the short-interest ratio is currently 0.7 days.

SMA Solar Technology Price Performance

SMA Solar Technology stock traded up $0.51 during trading on Wednesday, reaching $6.17. The company had a trading volume of 703 shares, compared to its average volume of 1,640. SMA Solar Technology has a 12-month low of $1.70 and a 12-month high of $6.26. The stock’s 50 day moving average price is $4.71 and its two-hundred day moving average price is $4.05.

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.