Siltronic AG (OTCMKTS:SSLLF) Sees Large Growth in Short Interest

Siltronic AG (OTCMKTS:SSLLFGet Rating) was the recipient of a significant growth in short interest during the month of June. As of June 15th, there was short interest totalling 2,100 shares, a growth of 133.3% from the May 31st total of 900 shares. Based on an average daily volume of 300 shares, the short-interest ratio is currently 7.0 days.

A number of brokerages recently weighed in on SSLLF. UBS Group decreased their price objective on shares of Siltronic from €96.00 ($102.13) to €90.00 ($95.74) and set a “neutral” rating for the company in a report on Wednesday, May 11th. Citigroup decreased their price objective on shares of Siltronic to €95.00 ($101.06) in a report on Wednesday, May 11th. Berenberg Bank decreased their price objective on shares of Siltronic from €135.00 ($143.62) to €115.00 ($122.34) and set a “buy” rating for the company in a report on Friday, March 18th. Finally, Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Siltronic from €110.00 ($117.02) to €100.00 ($106.38) in a report on Wednesday, May 11th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, Siltronic currently has an average rating of “Moderate Buy” and a consensus price target of $100.00.

OTCMKTS:SSLLF traded down $2.74 during trading hours on Friday, reaching $71.86. The company had a trading volume of 150 shares, compared to its average volume of 316. The firm’s 50 day moving average price is $90.13 and its 200-day moving average price is $113.80. Siltronic has a 52 week low of $71.86 and a 52 week high of $162.80.

Siltronic (OTCMKTS:SSLLFGet Rating) last issued its earnings results on Tuesday, May 10th. The company reported $3.89 earnings per share (EPS) for the quarter. The company had revenue of $467.89 million during the quarter.

Siltronic Company Profile (Get Rating)

Siltronic AG, together with its subsidiaries, manufactures and sells hyperpure semiconductor silicon wafers with diameters of up to 300 mm worldwide. It offers polished and epitaxial wafers. The company also provides special products, such as Ultimate Silicon, an optimal crystal for polished wafers; PowerFZ, a wafer product based on the float zone method; and HIREF, a high reflective non-polished wafer product.

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