SMA Solar Technology AG (OTCMKTS:SMTGY) Short Interest Down 59.0% in October

SMA Solar Technology AG (OTCMKTS:SMTGY) was the target of a significant drop in short interest during the month of October. As of October 31st, there was short interest totalling 3,400 shares, a drop of 59.0% from the October 15th total of 8,300 shares. Based on an average trading volume of 7,100 shares, the short-interest ratio is currently 0.5 days.

SMA Solar Technology Stock Down 4.7 %

Shares of SMTGY traded down $0.08 during trading hours on Wednesday, reaching $1.51. 333 shares of the company traded hands, compared to its average volume of 2,131. SMA Solar Technology has a 1-year low of $1.46 and a 1-year high of $6.80. The stock’s fifty day moving average is $1.88 and its 200 day moving average is $3.05.

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.