SolarMax Technology, Inc. (NASDAQ:SMXT) Short Interest Down 18.3% in November

SolarMax Technology, Inc. (NASDAQ:SMXT) was the recipient of a large decrease in short interest in the month of November. As of November 30th, there was short interest totalling 302,900 shares, a decrease of 18.3% from the November 15th total of 370,600 shares. Approximately 1.1% of the shares of the company are sold short. Based on an average daily volume of 352,900 shares, the short-interest ratio is presently 0.9 days.

Institutional Investors Weigh In On SolarMax Technology

A hedge fund recently raised its stake in SolarMax Technology stock. Concurrent Investment Advisors LLC grew its holdings in SolarMax Technology, Inc. (NASDAQ:SMXT) by 76.1% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 24,650 shares of the company’s stock after buying an additional 10,650 shares during the quarter. Concurrent Investment Advisors LLC owned about 0.05% of SolarMax Technology worth $81,000 at the end of the most recent quarter.

SolarMax Technology Trading Down 19.6 %

NASDAQ SMXT traded down $0.39 during trading on Friday, reaching $1.60. The company’s stock had a trading volume of 319,717 shares, compared to its average volume of 563,599. The business’s fifty day moving average price is $1.20 and its 200-day moving average price is $2.48. SolarMax Technology has a twelve month low of $0.60 and a twelve month high of $15.88.

About SolarMax Technology

SolarMax Technology, Inc, through its subsidiaries, operates as an integrated solar energy company in the United States and China. The company engages in the sale and installation of photovoltaic and battery backup systems; sale of LED systems; and identifying and procuring solar farm projects for resale to third parties, as well as provision of engineering, procuring, and construction services for solar farm projects.