Short Interest in SMA Solar Technology AG (OTCMKTS:SMTGF) Drops By 17.4%

SMA Solar Technology AG (OTCMKTS:SMTGF) was the recipient of a large decrease in short interest in March. As of March 31st, there was short interest totaling 29,183 shares, a decrease of 17.4% from the March 15th total of 35,328 shares. Based on an average daily trading volume, of 124 shares, the days-to-cover ratio is presently 235.3 days.

SMA Solar Technology Price Performance

OTCMKTS:SMTGF opened at $57.65 on Thursday. The stock’s fifty day moving average price is $43.02 and its two-hundred day moving average price is $38.01. SMA Solar Technology has a 52-week low of $18.20 and a 52-week high of $57.65.

About SMA Solar Technology

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.