Short Interest in Soitec SA (OTCMKTS:SLOIY) Decreases By 99.9%

Soitec SA (OTCMKTS:SLOIY) saw a large decrease in short interest in the month of July. As of July 15th, there was short interest totaling 1 shares, a decrease of 99.9% from the June 30th total of 1,001 shares. Based on an average daily volume of 9,701 shares, the days-to-cover ratio is presently 0.0 days.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on SLOIY shares. UBS Group cut Soitec from a “neutral” rating to a “sell” rating in a report on Monday, June 15th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Soitec in a research note on Friday, May 15th. Morgan Stanley reaffirmed an “overweight” rating on shares of Soitec in a research report on Tuesday, May 19th. Jefferies Financial Group downgraded Soitec from a “hold” rating to an “underperform” rating in a research note on Wednesday, June 10th. Finally, Oddo Bhf lowered Soitec to a “neutral” rating in a report on Tuesday, April 28th. Two analysts have rated the stock with a Buy rating, two have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, Soitec has an average rating of “Reduce”.

Soitec Stock Down 2.8%

Shares of SLOIY stock opened at $64.77 on Friday. Soitec has a 52 week low of $13.13 and a 52 week high of $114.37. The company has a 50-day simple moving average of $73.65 and a 200 day simple moving average of $47.47.

About Soitec

Soitec is a France-based technology company specializing in the design and manufacture of advanced semiconductor materials. The company pioneered Smart Cut™ technology, which enables the production of Silicon-On-Insulator (SOI) wafers and other engineered substrates with superior electrical and thermal properties. Founded in 1992 as a spin-off from the French Atomic Energy Commission (CEA), Soitec has grown into a leading supplier of high-performance materials for the global electronics industry.

Soitec’s product portfolio includes RF-SOI substrates for 5G and mobile communications, Power-SOI for energy-efficient power management, and FD-SOI for ultra-low-power applications in IoT and automotive markets.