SolarMax Technology, Inc. (NASDAQ:SMXT - Get Free Report) was the target of a large growth in short interest in the month of February. As of February 15th, there was short interest totalling 828,600 shares, a growth of 45.1% from the January 31st total of 571,000 shares. Based on an average daily volume of 414,600 shares, the days-to-cover ratio is currently 2.0 days. Currently, 3.0% of the shares of the company are sold short.
Institutional Investors Weigh In On SolarMax Technology
A number of hedge funds have recently added to or reduced their stakes in the stock. Geode Capital Management LLC grew its position in shares of SolarMax Technology by 242.1% during the fourth quarter. Geode Capital Management LLC now owns 417,437 shares of the company's stock worth $676,000 after acquiring an additional 295,415 shares during the last quarter. Northern Trust Corp boosted its stake in SolarMax Technology by 505.8% during the 4th quarter. Northern Trust Corp now owns 198,191 shares of the company's stock valued at $321,000 after purchasing an additional 165,476 shares during the period. JPMorgan Chase & Co. grew its position in SolarMax Technology by 4,844.9% in the 4th quarter. JPMorgan Chase & Co. now owns 109,232 shares of the company's stock worth $177,000 after purchasing an additional 107,023 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of SolarMax Technology by 541.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 72,186 shares of the company's stock valued at $117,000 after purchasing an additional 60,928 shares during the period. Finally, Jane Street Group LLC bought a new stake in shares of SolarMax Technology during the third quarter valued at approximately $27,000.
SolarMax Technology Trading Up 1.7 %
Shares of NASDAQ SMXT traded up $0.02 during mid-day trading on Friday, hitting $1.23. The company had a trading volume of 86,984 shares, compared to its average volume of 226,136. SolarMax Technology has a 12 month low of $0.60 and a 12 month high of $15.88. The firm's 50 day simple moving average is $1.54 and its two-hundred day simple moving average is $1.37.
About SolarMax Technology
(
Get Free Report)
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.
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