Short Interest in SMA Solar Technology AG (OTCMKTS:SMTGF) Drops By 34.1%

SMA Solar Technology AG (OTCMKTS:SMTGF) saw a large decrease in short interest in December. As of December 31st, there was short interest totaling 40,578 shares, a decrease of 34.1% from the December 15th total of 61,577 shares. Based on an average trading volume of 4,126 shares, the short-interest ratio is currently 9.8 days. Based on an average trading volume of 4,126 shares, the short-interest ratio is currently 9.8 days.

SMA Solar Technology Stock Down 7.2%

Shares of SMTGF stock opened at $40.01 on Friday. The stock’s 50-day moving average is $38.50 and its 200 day moving average is $29.59. SMA Solar Technology has a 1-year low of $12.73 and a 1-year high of $43.13.

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group reaffirmed a “hold” rating on shares of SMA Solar Technology in a research report on Monday, October 27th. Two research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, SMA Solar Technology presently has an average rating of “Hold”.

SMA Solar Technology Company Profile

SMA Solar Technology AG is a Germany-based company specializing in the development, production and sale of photovoltaic inverters and energy management solutions for all types of solar power applications. The company’s product portfolio spans string inverters, central inverters and hybrid inverter systems designed for residential, commercial and utility-scale installations. In addition to core inverter technology, SMA offers integrated energy storage solutions, system monitoring platforms and digital services aimed at optimizing solar power generation and grid integration.

Founded in 1981 and headquartered in Niestetal near Kassel, SMA Solar Technology has grown into a global supplier with a presence in Europe, the Americas and Asia-Pacific.