Short Interest in SMA Solar Technology AG (OTCMKTS:SMTGY) Declines By 54.8%

SMA Solar Technology AG (OTCMKTS:SMTGY) saw a significant decline in short interest in the month of August. As of August 31st, there was short interest totalling 1,400 shares, a decline of 54.8% from the August 15th total of 3,100 shares. Based on an average daily trading volume, of 800 shares, the days-to-cover ratio is currently 1.8 days.

SMA Solar Technology Price Performance

SMTGY stock traded up $0.05 during trading on Friday, reaching $2.06. The company had a trading volume of 1,076 shares, compared to its average volume of 1,834. SMA Solar Technology has a 52 week low of $1.99 and a 52 week high of $7.13. The business has a 50 day moving average of $2.54 and a 200 day moving average of $4.25.

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.