Short Interest in Solvay SA (OTCMKTS:SLVYY) Grows By 9,254.5%

Solvay SA (OTCMKTS:SLVYY) was the recipient of a significant growth in short interest during the month of May. As of May 15th, there was short interest totaling 12,348 shares, a growth of 9,254.5% from the April 30th total of 132 shares. Based on an average daily volume of 53,577 shares, the short-interest ratio is presently 0.2 days.

Solvay Price Performance

OTCMKTS:SLVYY opened at $3.00 on Friday. The stock has a 50 day simple moving average of $3.07 and a 200 day simple moving average of $3.09. Solvay has a 1-year low of $2.77 and a 1-year high of $3.52.

Wall Street Analysts Forecast Growth

SLVYY has been the subject of several research analyst reports. Barclays reiterated an “underweight” rating on shares of Solvay in a research note on Wednesday, February 25th. Oddo Bhf downgraded Solvay to a “neutral” rating in a research note on Tuesday, February 17th. Three research analysts have rated the stock with a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Reduce”.

About Solvay

Solvay SA provides advanced materials and specialty chemicals worldwide. It operates through four segments: Materials, Chemicals, Solutions, and Corporate & Business Services. The Materials segment offers specialty polymers, including aromatic polymers, high barrier polymers, and fluoropolymers for the electronics, automotive, aerospace, and healthcare industries; and composite materials for aerospace engineered materials market. The Chemicals segment produces and sells soda ash and sodium bicarbonate primarily to the flat and container glass industries, as well as for use in detergents, pharmaceutical, and feed and food industries; hydrogen peroxide for use primarily in the paper industry to bleach pulp, as well as chemicals, electronics, food, mining, and environment; and dispersible silica for tire manufacturers; and solvent solutions, phenols and derivatives, polyamide derivatives and smart, functional, and sustainable yarns and polymers.