SMA Solar Technology AG (OTCMKTS:SMTGY) Short Interest Down 90.2% in March

SMA Solar Technology AG (OTCMKTS:SMTGY) saw a large decrease in short interest during the month of March. As of March 13th, there was short interest totaling 311 shares, a decrease of 90.2% from the February 26th total of 3,174 shares. Based on an average trading volume of 2,071 shares, the days-to-cover ratio is currently 0.2 days. Based on an average trading volume of 2,071 shares, the days-to-cover ratio is currently 0.2 days.

SMA Solar Technology Price Performance

Shares of SMTGY remained flat at $4.30 during mid-day trading on Wednesday. 1,163 shares of the stock traded hands, compared to its average volume of 1,466. SMA Solar Technology has a 12-month low of $1.38 and a 12-month high of $4.65. The firm’s fifty day simple moving average is $3.95 and its 200 day simple moving average is $3.49.

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.