SolarMax Technology, Inc. (NASDAQ:SMXT - Get Free Report) saw a large growth in short interest during the month of January. As of January 15th, there was short interest totalling 827,700 shares, a growth of 48.0% from the December 31st total of 559,200 shares. Approximately 3.0% of the company's shares are short sold. Based on an average daily volume of 377,300 shares, the days-to-cover ratio is currently 2.2 days.
SolarMax Technology Trading Down 2.4 %
Shares of SMXT traded down $0.04 on Wednesday, reaching $1.61. 362,256 shares of the company's stock were exchanged, compared to its average volume of 222,481. The business has a 50 day moving average price of $1.64 and a two-hundred day moving average price of $1.69. SolarMax Technology has a 12 month low of $0.60 and a 12 month high of $15.88.
Institutional Inflows and Outflows
An institutional investor recently bought a new position in SolarMax Technology stock. Jane Street Group LLC acquired a new stake in SolarMax Technology, Inc. (NASDAQ:SMXT - Free Report) in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 43,211 shares of the company's stock, valued at approximately $27,000. Jane Street Group LLC owned about 0.10% of SolarMax Technology at the end of the most recent quarter.
About SolarMax Technology
(
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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.
Further Reading
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