SMA Solar Technology AG (OTCMKTS:SMTGY) Short Interest Up 958.0% in February

SMA Solar Technology AG (OTCMKTS:SMTGY) saw a large increase in short interest in the month of February. As of February 27th, there was short interest totaling 3,174 shares, an increase of 958.0% from the February 12th total of 300 shares. Based on an average daily volume of 2,068 shares, the days-to-cover ratio is presently 1.5 days. Based on an average daily volume of 2,068 shares, the days-to-cover ratio is presently 1.5 days.

SMA Solar Technology Stock Performance

OTCMKTS SMTGY opened at $3.51 on Thursday. The company has a 50-day simple moving average of $3.98 and a two-hundred day simple moving average of $3.39. SMA Solar Technology has a 12-month low of $1.38 and a 12-month high of $4.57.

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.