Solitron Devices, Inc. (OTCMKTS:SODI) Sees Large Growth in Short Interest

Solitron Devices, Inc. (OTCMKTS:SODI) was the target of a significant increase in short interest in the month of September. As of September 15th, there was short interest totaling 1,474 shares, an increase of 1,484.9% from the August 31st total of 93 shares. Based on an average daily trading volume, of 3,989 shares, the short-interest ratio is currently 0.4 days.

Solitron Devices Stock Performance

Shares of OTCMKTS SODI opened at $33.00 on Friday. Solitron Devices has a one year low of $16.29 and a one year high of $35.50. The business has a fifty day simple moving average of $32.82 and a 200 day simple moving average of $27.86.

Solitron Devices (OTCMKTS:SODI) last posted its quarterly earnings results on Monday, July 13th. The company reported $0.58 earnings per share for the quarter. The business had revenue of $5.44 million during the quarter.

About Solitron Devices

Solitron Devices, Inc is a semiconductor manufacturer that develops and produces high-reliability power semiconductor components. Its products are designed primarily for demanding applications in the defense, aerospace, space, and other specialized markets where performance and durability are important.

The company’s product portfolio has included power transistors, metal-oxide-semiconductor field-effect transistors, rectifiers, and related semiconductor devices. Solitron also has provided custom and application-specific components for use in power-conversion, control, and other electronic systems.

Solitron Devices is based in West Palm Beach, Florida, and has a history dating to the late 1950s.