SMA Solar Technology AG (OTCMKTS:SMTGY) Short Interest Down 82.4% in June

SMA Solar Technology AG (OTCMKTS:SMTGY) was the target of a large drop in short interest in June. As of June 30th, there was short interest totaling 325 shares, a drop of 82.4% from the June 15th total of 1,845 shares. Based on an average daily volume of 5,471 shares, the days-to-cover ratio is presently 0.1 days.

SMA Solar Technology Price Performance

SMTGY remained flat at $5.91 on Friday. 10 shares of the company’s stock traded hands, compared to its average volume of 2,029. SMA Solar Technology has a one year low of $1.83 and a one year high of $8.44. The firm has a fifty day moving average of $6.66.

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.