Solstice Advanced Mat (NASDAQ:SOLS) Short Interest Update

Solstice Advanced Mat (NASDAQ:SOLS) was the recipient of a significant drop in short interest in September. As of September 15th, there was short interest totaling 5,196,524 shares, a drop of 48.3% from the August 31st total of 10,051,990 shares. Based on an average trading volume of 2,254,569 shares, the days-to-cover ratio is currently 2.3 days. Approximately 3.3% of the company’s stock are short sold.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the stock. BMO Capital Markets dropped their price target on shares of Solstice Advanced Mat from $101.00 to $90.00 and set an “outperform” rating on the stock in a research note on Thursday, July 16th. Zacks Research downgraded shares of Solstice Advanced Mat from a “strong-buy” rating to a “hold” rating in a research note on Monday. Morgan Stanley downgraded shares of Solstice Advanced Mat to a “buy” rating in a research report on Monday, July 13th. Royal Bank Of Canada reiterated an “outperform” rating and set a $82.00 target price on shares of Solstice Advanced Mat in a research note on Wednesday. Finally, Vertical Research upgraded shares of Solstice Advanced Mat from a “hold” rating to a “buy” rating and set a $79.00 price target on the stock in a research note on Wednesday, July 22nd. Eight investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $79.11.

Solstice Advanced Mat Trading Up 0.3%

Solstice Advanced Mat stock traded up $0.18 during midday trading on Wednesday, reaching $56.19. The stock had a trading volume of 917,273 shares, compared to its average volume of 2,853,013. The company has a quick ratio of 1.08, a current ratio of 1.46 and a debt-to-equity ratio of 1.30. The firm has a market cap of $8.92 billion and a price-to-earnings ratio of 31.68. Solstice Advanced Mat has a 52-week low of $40.43 and a 52-week high of $90.80. The company has a fifty day moving average of $59.78 and a 200 day moving average of $71.75.

Solstice Advanced Mat (NASDAQ:SOLS) last released its earnings results on Thursday, July 30th. The company reported $0.88 EPS for the quarter, beating analysts’ consensus estimates of $0.79 by $0.09. Solstice Advanced Mat had a return on equity of 14.28% and a net margin of 5.13%.The firm had revenue of $1.15 billion for the quarter. Solstice Advanced Mat has set its FY 2026 guidance at 2.750-2.950 EPS. On average, analysts anticipate that Solstice Advanced Mat will post 2.88 earnings per share for the current fiscal year.

Solstice Advanced Mat Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, September 10th. Stockholders of record on Thursday, August 27th were issued a $0.0750 dividend. This represents a $0.30 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date was Thursday, August 27th. Solstice Advanced Mat’s dividend payout ratio (DPR) is currently 16.95%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. State Street Corp purchased a new stake in Solstice Advanced Mat during the second quarter valued at approximately $448,557,000. Madison Avenue Partners LP purchased a new position in Solstice Advanced Mat in the fourth quarter worth $135,172,000. Norges Bank acquired a new position in shares of Solstice Advanced Mat during the fourth quarter worth $128,368,000. Geode Capital Management LLC acquired a new position in shares of Solstice Advanced Mat during the fourth quarter worth $110,395,000. Finally, Bank of America Corp DE purchased a new stake in shares of Solstice Advanced Mat during the 2nd quarter valued at $153,615,000.

About Solstice Advanced Mat

Solstice Advanced Materials, Inc is a specialty materials company that develops and manufactures high-performance chemicals and engineered materials for customers in industries including healthcare, electronics, automotive, aerospace, construction, and refrigeration. The company focuses on technologies designed to support energy efficiency, product performance, and lower environmental impact.

Its product portfolio includes low-global-warming-potential refrigerants and blowing agents, fluorine-based specialty chemicals, advanced films and barrier materials, and other engineered materials used in demanding industrial and commercial applications.