Soitec SA (OTCMKTS:SLOIF) Short Interest Down 43.1% in April

Soitec SA (OTCMKTS:SLOIF) saw a significant decline in short interest during the month of April. As of April 30th, there was short interest totaling 43,217 shares, a decline of 43.1% from the April 15th total of 75,957 shares. Based on an average daily trading volume, of 59,280 shares, the days-to-cover ratio is currently 0.7 days. Currently, 0.1% of the shares of the company are short sold.

Soitec Trading Down 2.4%

Shares of OTCMKTS SLOIF opened at $172.58 on Friday. The company has a current ratio of 2.39, a quick ratio of 1.85 and a debt-to-equity ratio of 0.36. Soitec has a twelve month low of $24.57 and a twelve month high of $207.43. The stock has a 50 day moving average of $98.09 and a two-hundred day moving average of $58.16.

About Soitec

Soitec is a France‐based semiconductor materials company specializing in the design and manufacture of engineered substrates for the microelectronics industry. Its core technology, known as Smart Cut®, enables the production of high-performance wafers such as silicon-on-insulator (SOI), gallium nitride-on-insulator (GaN-OI) and other advanced material platforms. These substrates are used by semiconductor manufacturers to improve device performance, reduce power consumption and integrate new functions in applications ranging from mobile devices to data centers.

The company’s product portfolio includes a variety of engineered wafers tailored for radio frequency (RF) applications, power management, and photonics.