SolarMax Technology, Inc. (NASDAQ:SMXT) Short Interest Update

SolarMax Technology, Inc. (NASDAQ:SMXT - Get Free Report) was the recipient of a significant decline in short interest in the month of January. As of January 31st, there was short interest totalling 571,000 shares, a decline of 31.0% from the January 15th total of 827,700 shares. Based on an average trading volume of 383,400 shares, the short-interest ratio is presently 1.5 days. Currently, 2.0% of the shares of the company are sold short.

SolarMax Technology Price Performance

Shares of NASDAQ:SMXT traded down $0.04 during trading on Tuesday, hitting $1.70. 69,316 shares of the stock were exchanged, compared to its average volume of 206,032. SolarMax Technology has a 1-year low of $0.60 and a 1-year high of $15.88. The company's fifty day simple moving average is $1.59 and its 200-day simple moving average is $1.55.

Institutional Investors Weigh In On SolarMax Technology

Institutional investors have recently bought and sold shares of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of SolarMax Technology by 430.1% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,866 shares of the company's stock worth $26,000 after acquiring an additional 12,873 shares during the period. Bank of America Corp DE raised its position in SolarMax Technology by 451.5% in the fourth quarter. Bank of America Corp DE now owns 22,695 shares of the company's stock worth $37,000 after purchasing an additional 18,580 shares in the last quarter. Northern Trust Corp lifted its stake in SolarMax Technology by 505.8% during the fourth quarter. Northern Trust Corp now owns 198,191 shares of the company's stock worth $321,000 after purchasing an additional 165,476 shares during the period. XTX Topco Ltd acquired a new stake in SolarMax Technology during the fourth quarter valued at approximately $36,000. Finally, Barclays PLC grew its stake in shares of SolarMax Technology by 535.6% in the 4th quarter. Barclays PLC now owns 46,290 shares of the company's stock valued at $75,000 after purchasing an additional 39,007 shares during the period.

SolarMax Technology Company Profile

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.