Short Interest in Soitec SA (OTCMKTS:SLOIY) Declines By 32.3%

Soitec SA (OTCMKTS:SLOIY) was the target of a significant drop in short interest during the month of August. As of August 14th, there was short interest totaling 1,292 shares, a drop of 32.3% from the July 30th total of 1,909 shares. Based on an average daily trading volume, of 3,961 shares, the short-interest ratio is currently 0.3 days.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the stock. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Soitec in a report on Friday, May 15th. Morgan Stanley restated an “overweight” rating on shares of Soitec in a research note on Tuesday, May 19th. Citigroup reaffirmed a “sell” rating on shares of Soitec in a research report on Thursday, August 13th. UBS Group downgraded Soitec from a “neutral” rating to a “sell” rating in a research note on Monday, June 15th. Finally, Jefferies Financial Group lowered Soitec from a “hold” rating to an “underperform” rating in a report on Wednesday, June 10th. Two analysts have rated the stock with a Buy rating, one has issued a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, Soitec presently has a consensus rating of “Reduce”.

Soitec Stock Performance

Shares of OTCMKTS SLOIY opened at $63.78 on Wednesday. The company has a 50 day simple moving average of $63.24 and a two-hundred day simple moving average of $57.47. Soitec has a 12 month low of $13.13 and a 12 month high of $114.37.

Soitec Company Profile

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.