SMA Solar Technology AG (OTCMKTS:SMTGY) Short Interest Down 90.2% in March

SMA Solar Technology AG (OTCMKTS:SMTGY) was the target of a significant drop in short interest in March. As of March 13th, there was short interest totaling 311 shares, a drop of 90.2% from the February 26th total of 3,174 shares. Based on an average daily volume of 2,071 shares, the short-interest ratio is currently 0.2 days.

SMA Solar Technology Trading Up 6.9%

SMTGY opened at $4.60 on Thursday. The stock has a 50-day moving average price of $3.96 and a 200-day moving average price of $3.50. SMA Solar Technology has a 12-month low of $1.38 and a 12-month high of $4.65.

About SMA Solar Technology

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.