SolarMax Technology, Inc. (NASDAQ:SMXT) Sees Significant Increase in Short Interest

SolarMax Technology, Inc. (NASDAQ:SMXT) was the recipient of a large increase in short interest during the month of December. As of December 15th, there was short interest totalling 495,600 shares, an increase of 63.6% from the November 30th total of 302,900 shares. Approximately 1.8% of the shares of the stock are short sold. Based on an average daily trading volume, of 391,200 shares, the short-interest ratio is currently 1.3 days.

Institutional Investors Weigh In On SolarMax Technology

An institutional investor recently bought a new position in SolarMax Technology stock. Jane Street Group LLC bought a new stake in shares of SolarMax Technology, Inc. (NASDAQ:SMXT) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 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.

SolarMax Technology Stock Up 3.4 %

Shares of NASDAQ SMXT traded up $0.05 during mid-day trading on Friday, hitting $1.53. 156,510 shares of the company’s stock traded hands, compared to its average volume of 272,988. SolarMax Technology has a 1 year low of $0.60 and a 1 year high of $15.88. The company’s 50-day moving average is $1.28 and its two-hundred day moving average is $2.20.

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.