Soitec SA (OTCMKTS:SLOIY) Sees Significant Decline in Short Interest

Soitec SA (OTCMKTS:SLOIY) was the target of a large drop in short interest in October. As of October 15th, there was short interest totaling 213 shares, a drop of 53.2% from the September 30th total of 455 shares. Based on an average daily trading volume, of 2,863 shares, the short-interest ratio is currently 0.1 days.

Soitec Trading Down 11.3%

OTCMKTS:SLOIY opened at $66.31 on Friday. Soitec has a twelve month low of $13.13 and a twelve month high of $114.37. The stock has a fifty day simple moving average of $76.77 and a 200-day simple moving average of $57.62.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. Citigroup restated a “sell” rating on shares of Soitec in a research report on Thursday, August 13th. Barclays upgraded Soitec from an “equal weight” rating to an “overweight” rating in a report on Friday, September 18th. Finally, Oddo Bhf upgraded Soitec from a “neutral” rating to an “outperform” rating in a research report on Thursday, September 3rd. Four research analysts have rated the stock with a Buy rating and three have given a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold”.

Soitec Company Profile

Soitec is a France-based semiconductor materials company that develops and manufactures engineered substrates used in advanced electronic and microelectronic applications. Its materials are supplied to semiconductor manufacturers and support products in mobile communications, automotive systems, artificial intelligence, consumer electronics, industrial equipment and other markets.

The company is best known for silicon-on-insulator (SOI) wafers, including RF-SOI substrates for radio-frequency components, fully depleted SOI materials for energy-efficient processors and other advanced chips, and power-oriented substrates.