Solvay SA (OTCMKTS:SLVYY) Sees Large Decline in Short Interest

Solvay SA (OTCMKTS:SLVYY) was the recipient of a significant decline in short interest during the month of April. As of April 30th, there was short interest totaling 132 shares, a decline of 98.6% from the April 15th total of 9,176 shares. Based on an average daily trading volume, of 236,928 shares, the days-to-cover ratio is presently 0.0 days.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on SLVYY shares. Barclays reissued an “underweight” rating on shares of Solvay in a research report on Wednesday, February 25th. Oddo Bhf downgraded Solvay to a “neutral” rating in a research report on Tuesday, February 17th. Three equities research analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Reduce”.

Solvay Trading Up 2.0%

Shares of OTCMKTS:SLVYY traded up $0.06 during trading on Monday, reaching $3.10. 10,503 shares of the stock were exchanged, compared to its average volume of 49,162. Solvay has a 12 month low of $2.77 and a 12 month high of $3.52. The stock has a 50-day moving average price of $3.07 and a 200-day moving average price of $3.10.

About Solvay

Solvay SA provides advanced materials and specialty chemicals worldwide. It operates through four segments: Materials, Chemicals, Solutions, and Corporate & Business Services. The Materials segment offers specialty polymers, including aromatic polymers, high barrier polymers, and fluoropolymers for the electronics, automotive, aerospace, and healthcare industries; and composite materials for aerospace engineered materials market. The Chemicals segment produces and sells soda ash and sodium bicarbonate primarily to the flat and container glass industries, as well as for use in detergents, pharmaceutical, and feed and food industries; hydrogen peroxide for use primarily in the paper industry to bleach pulp, as well as chemicals, electronics, food, mining, and environment; and dispersible silica for tire manufacturers; and solvent solutions, phenols and derivatives, polyamide derivatives and smart, functional, and sustainable yarns and polymers.