Is Buying SOLIS TEK INC (OTCMKTS:SLTK), Having Lower Short Interest a Winning Strategy?

June 10, 2018 - By Kristen Paramore

Solis Tek Inc. (OTCMKTS:SLTK) Logo

The stock of SOLIS TEK INC (OTCMKTS:SLTK) registered a decrease of 47.59% in short interest. SLTK’s total short interest was 7,600 shares in June as published by FINRA. Its down 47.59% from 14,500 shares, reported previously. The short interest to SOLIS TEK INC’s float is 0.04%.

The stock increased 2.23% or $0.0201 during the last trading session, reaching $0.9201. About 49,269 shares traded. Solis Tek Inc. (OTCMKTS:SLTK) has 0.00% since June 10, 2017 and is . It has underperformed by 12.57% the S&P500.

Solis Tek Inc. focuses on the research, design, development, and manufacturing of indoor horticulture lighting and ancillary equipment in the United States and internationally. The company has market cap of $40.10 million. It offers digital ballasts; metal halide, and mercury vapor and high-pressure sodium lamps; light emitting diode lighting products that produces less heat; and reflectors in various sizes for use with its digital ballasts and lamps, as well as plant nutrients and fertilizers. It currently has negative earnings. The firm markets its products directly; and through distributors to hydroponic retailers, as well as through direct contacts, on-line email advertising, social media, trade magazine advertising, trade show promotions, and cross-promotional offerings.

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