Solvay SA (OTCMKTS:SLVYY) Short Interest Update

Solvay SA (OTCMKTS:SLVYY) saw a significant decline in short interest in the month of May. As of May 29th, there was short interest totaling 2,335 shares, a decline of 81.1% from the May 14th total of 12,348 shares. Based on an average daily trading volume, of 26,759 shares, the days-to-cover ratio is presently 0.1 days.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on SLVYY. Barclays reissued an “underweight” rating on shares of Solvay in a research note on Wednesday, February 25th. Deutsche Bank Aktiengesellschaft upgraded Solvay from a “sell” rating to a “hold” rating in a research report on Wednesday. Finally, Oddo Bhf lowered Solvay to a “neutral” rating in a research report on Tuesday, February 17th. Four analysts have rated the stock with a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Reduce”.

Solvay Trading Up 1.5%

Shares of OTCMKTS:SLVYY traded up $0.05 during midday trading on Wednesday, reaching $2.98. 7,503 shares of the company’s stock traded hands, compared to its average volume of 44,263. Solvay has a 1 year low of $2.77 and a 1 year high of $3.52. The company has a fifty day simple moving average of $3.08 and a two-hundred day simple moving average of $3.09.

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.