Short Interest in Soitec SA (OTCMKTS:SLOIY) Increases By 190,800.0%

Soitec SA (OTCMKTS:SLOIY) was the recipient of a large growth in short interest in the month of July. As of July 31st, there was short interest totaling 1,909 shares, a growth of 190,800.0% from the July 15th total of 1 shares. Based on an average trading volume of 8,375 shares, the days-to-cover ratio is presently 0.2 days.

Soitec Stock Performance

Shares of Soitec stock opened at $70.00 on Wednesday. The stock has a 50-day simple moving average of $66.41 and a 200-day simple moving average of $52.01. Soitec has a 52-week low of $13.13 and a 52-week high of $114.37.

Analyst Upgrades and Downgrades

SLOIY has been the topic of a number of research reports. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Soitec in a report on Friday, May 15th. UBS Group downgraded shares of Soitec from a “neutral” rating to a “sell” rating in a research report on Monday, June 15th. Jefferies Financial Group lowered shares of Soitec from a “hold” rating to an “underperform” rating in a research note on Wednesday, June 10th. Oddo Bhf downgraded shares of Soitec to a “neutral” rating in a research report on Tuesday, April 28th. Finally, Morgan Stanley reissued an “overweight” rating on shares of Soitec in a research note on Tuesday, May 19th. Two analysts have rated the stock with a Buy rating, one has issued a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, Soitec currently has an average rating of “Reduce”.

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.