Short Interest in SolarMax Technology, Inc. (NASDAQ:SMXT) Rises By 63.6%

SolarMax Technology, Inc. (NASDAQ:SMXT - Get Free Report) was the target of a significant growth in short interest during the month of December. As of December 15th, there was short interest totalling 495,600 shares, a growth of 63.6% from the November 30th total of 302,900 shares. Based on an average trading volume of 391,200 shares, the short-interest ratio is currently 1.3 days. Currently, 1.8% of the shares of the company are sold short.

Institutional Investors Weigh In On SolarMax Technology

An institutional investor recently bought a new position in SolarMax Technology stock. Jane Street Group LLC acquired a new position in SolarMax Technology, Inc. (NASDAQ:SMXT - Free Report) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 43,211 shares of the company's stock, valued at approximately $27,000. Jane Street Group LLC owned 0.10% of SolarMax Technology as of its most recent SEC filing.

SolarMax Technology Stock Up 3.4 %

Shares of SMXT stock traded up $0.05 during trading hours on Friday, reaching $1.53. The stock had a trading volume of 156,511 shares, compared to its average volume of 272,988. The firm has a 50-day simple moving average of $1.28 and a 200-day simple moving average of $2.20. SolarMax Technology has a twelve month low of $0.60 and a twelve month high of $15.88.

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.