Solitron Devices, Inc. (OTCMKTS:SODI) Shares Shorted: Short Interest Down 66.2% in September

Solitron Devices, Inc. (OTCMKTS:SODI) was the recipient of a significant decline in short interest in the month of September. As of September 30th, there was short interest totaling 498 shares, a decline of 66.2% from the September 15th total of 1,474 shares. Based on an average trading volume of 2,775 shares, the days-to-cover ratio is presently 0.2 days.

Solitron Devices Stock Performance

SODI stock opened at $33.97 on Wednesday. The firm’s 50-day moving average price is $33.41 and its two-hundred day moving average price is $28.60. Solitron Devices has a 12-month low of $17.20 and a 12-month high of $35.50.

Solitron Devices (OTCMKTS:SODI) last posted its earnings results on Tuesday, October 13th. The company reported $0.60 earnings per share (EPS) for the quarter. The business had revenue of $5.66 million during the quarter.

About Solitron Devices

Solitron Devices, Inc is a semiconductor company that designs, manufactures and sells power semiconductor products. Its offerings include power MOSFETs, voltage regulators, rectifiers, transistors and hybrid circuits used in applications requiring power management, switching and voltage control.

The company focuses on components for aerospace, defense, space and other demanding industrial applications. Its products are designed for use in systems where reliability, durability and performance under challenging operating conditions are important.

Solitron Devices was established in 1959 and has historically served customers in the United States and other markets through its specialized semiconductor product lines.