SolarMax Technology, Inc. (NASDAQ:SMXT) Short Interest Down 18.3% in November

SolarMax Technology, Inc. (NASDAQ:SMXT) was the recipient of a significant decline in short interest in the month of November. As of November 30th, there was short interest totalling 302,900 shares, a decline of 18.3% from the November 15th total of 370,600 shares. Approximately 1.1% of the company’s shares are short sold. Based on an average trading volume of 352,900 shares, the short-interest ratio is presently 0.9 days.

Institutional Investors Weigh In On SolarMax Technology

A hedge fund recently bought a new stake in SolarMax Technology stock. Jane Street Group LLC purchased a new stake in SolarMax Technology, Inc. (NASDAQ:SMXT) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 43,211 shares of the company’s stock, valued at approximately $27,000. Jane Street Group LLC owned about 0.10% of SolarMax Technology as of its most recent filing with the Securities and Exchange Commission (SEC).

SolarMax Technology Price Performance

SMXT stock traded down $0.39 during trading on Friday, reaching $1.60. 319,717 shares of the stock traded hands, compared to its average volume of 258,247. The business’s 50 day moving average price is $1.20 and its 200-day moving average price is $2.52. SolarMax Technology has a 52-week low of $0.60 and a 52-week high of $15.88.

About SolarMax Technology

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.