SMA Solar Technology AG (OTCMKTS:SMTGF) Short Interest Down 23.3% in December

SMA Solar Technology AG (OTCMKTS:SMTGF) was the recipient of a significant drop in short interest in December. As of December 15th, there was short interest totaling 61,577 shares, a drop of 23.3% from the November 30th total of 80,270 shares. Based on an average daily trading volume, of 0 shares, the short-interest ratio is presently ∞ days. Based on an average daily trading volume, of 0 shares, the short-interest ratio is presently ∞ days.

SMA Solar Technology Price Performance

SMTGF opened at $38.00 on Wednesday. SMA Solar Technology has a 1 year low of $12.73 and a 1 year high of $42.95. The stock has a 50-day moving average price of $35.47 and a 200-day moving average price of $28.28.

Analyst Ratings Changes

Separately, Jefferies Financial Group restated a “hold” rating on shares of SMA Solar Technology in a research note on Monday, October 27th. Two equities research analysts have rated the stock with a Hold rating, According to MarketBeat, the company has a consensus rating of “Hold”.

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.