Soitec SA (OTCMKTS:SLOIY) Short Interest Up 1,909.8% in May

Soitec SA (OTCMKTS:SLOIY) was the target of a significant growth in short interest in May. As of May 15th, there was short interest totaling 7,155 shares, a growth of 1,909.8% from the April 30th total of 356 shares. Based on an average daily trading volume, of 28,907 shares, the days-to-cover ratio is presently 0.2 days.

Soitec Stock Down 13.3%

Shares of SLOIY traded down $13.14 during trading hours on Wednesday, hitting $85.97. 16,448 shares of the stock were exchanged, compared to its average volume of 11,308. Soitec has a 12-month low of $13.13 and a 12-month high of $104.74. The stock’s 50-day moving average price is $59.22 and its two-hundred day moving average price is $31.67.

Analyst Upgrades and Downgrades

SLOIY has been the subject of a number of recent analyst reports. Citigroup restated a “sell” rating on shares of Soitec in a research report on Monday, February 9th. Morgan Stanley restated an “overweight” rating on shares of Soitec in a research report on Tuesday, May 19th. Oddo Bhf cut Soitec to a “neutral” rating in a research report on Tuesday, April 28th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Soitec in a research report on Friday, May 15th. Two research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Soitec has a consensus rating of “Hold”.

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.