Solvay SA (OTCMKTS:SVYSF) Short Interest Up 79.3% in March

Solvay SA (OTCMKTS:SVYSF) saw a significant increase in short interest in the month of March. As of March 13th, there was short interest totaling 759,944 shares, an increase of 79.3% from the February 26th total of 423,810 shares. Based on an average daily trading volume, of 1,575 shares, the days-to-cover ratio is presently 482.5 days.

Solvay Trading Up 2.1%

Shares of SVYSF opened at $30.73 on Friday. The firm has a 50-day simple moving average of $31.03 and a two-hundred day simple moving average of $31.45. Solvay has a 1-year low of $27.41 and a 1-year high of $38.60.

Solvay Company Profile

Solvay SA is a global specialty chemicals and advanced materials company headquartered in Brussels, Belgium. Founded in 1863 by Ernest and Alfred Solvay, the firm initially gained prominence for its development of an innovative ammonia-soda process for soda ash production. Over more than a century and a half, Solvay has expanded its portfolio through targeted research, acquisitions and strategic divestments, cementing its position as a leading supplier to a diverse range of industrial markets.

The company’s activities are organized into two primary business segments: Advanced Materials and Advanced Formulations.