SMA Solar Technology AG (OTCMKTS:SMTGF) Sees Significant Decline in Short Interest

SMA Solar Technology AG (OTCMKTS:SMTGF) saw a large drop in short interest during the month of March. As of March 15th, there was short interest totalling 191,300 shares, a drop of 18.1% from the February 28th total of 233,600 shares. Based on an average daily volume of 1,000 shares, the days-to-cover ratio is currently 191.3 days.

SMA Solar Technology Price Performance

OTCMKTS:SMTGF opened at $19.76 on Wednesday. SMA Solar Technology has a 12-month low of $12.73 and a 12-month high of $54.96. The stock’s 50 day simple moving average is $14.62 and its 200-day simple moving average is $15.85.

About SMA Solar Technology

SMA Solar Technology AG, together with its subsidiaries, engages in development, production, and sale of PV and battery inverters, transformers, chokes, monitoring systems for PV systems, and charging solutions for electric vehicles in Germany and internationally. It operates through Home Solutions, Commercial and Industrial Solutions, and Large Scale and Project Solutions segments.