SMA Solar Technology AG (OTCMKTS:SMTGF) Short Interest Up 75.6% in April

SMA Solar Technology AG (OTCMKTS:SMTGF) was the recipient of a large growth in short interest during the month of April. As of April 30th, there was short interest totaling 50,884 shares, a growth of 75.6% from the April 15th total of 28,980 shares. Based on an average daily trading volume, of 294 shares, the short-interest ratio is currently 173.1 days.

SMA Solar Technology Price Performance

Shares of SMTGF opened at $80.90 on Tuesday. SMA Solar Technology has a 52-week low of $18.20 and a 52-week high of $82.00. The business’s 50 day moving average price is $52.32 and its two-hundred day moving average price is $43.29.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group restated a “buy” rating on shares of SMA Solar Technology in a research report on Wednesday, May 13th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company currently has a consensus rating of “Buy”.

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.