Meyer Burger Technology AG, a technology company focused on producing and selling solar cells and modules, experienced a significant decline in short interest in May. As of May 31st, there were 223,873,900 shares held short, which represented a 17.2% decrease from the total of 270,386,500 shares on May 15th. With an average trading volume of 693,700 shares and a days-to-cover ratio of 322.7 days, it seems that investors are not actively trading this stock at the moment.
The stock opened at $0.01 on Friday with a 50-day moving average price of $0.01 and a 200-day moving average price of $0.14. Meyer Burger Technology has seen its lowest price in the last year at $0.01 and its highest price at $0.75. Despite this decline in short interest, it is important to note that the company’s products are based on proprietary Heterojunction/SmartWire technologies which have shown promising results in the past years and could be worth keeping an eye on for potential future growth opportunities.
Meyer Burger Technology AG operates through two segments: Photovoltaics and Modules segments, offering products for various applications such as residential rooftops and utility-scale projects in Germany, Switzerland, Europe as well as Asia and internationally.
If you want to stay updated with daily news and ratings for Meyer Burger Technology or other technology companies like it, simply enter your email address below to receive a concise daily summary of the latest news and analyst ratings straight to your inbox.
[Sign up now]
