Siltronic AG (OTCMKTS:SSLLF) Sees Significant Decline in Short Interest

Siltronic AG (OTCMKTS:SSLLF) was the target of a significant decrease in short interest in the month of December. As of December 15th, there was short interest totaling 34,393 shares, a decrease of 34.8% from the November 30th total of 52,789 shares. Based on an average trading volume of 0 shares, the days-to-cover ratio is currently ∞ days. Based on an average trading volume of 0 shares, the days-to-cover ratio is currently ∞ days.

Siltronic Price Performance

Siltronic stock opened at $54.90 on Monday. The company has a 50 day moving average price of $60.09 and a 200-day moving average price of $52.85. Siltronic has a fifty-two week low of $36.21 and a fifty-two week high of $64.53.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on SSLLF shares. Jefferies Financial Group raised shares of Siltronic from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 20th. Citigroup reissued a “neutral” rating on shares of Siltronic in a research note on Monday, November 3rd. One research analyst has rated the stock with a Strong Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, Siltronic has a consensus rating of “Moderate Buy”.

Siltronic Company Profile

Siltronic AG is a Germany‐based manufacturer specializing in the production of hyperpure silicon wafers for the semiconductor industry. These wafers serve as the foundational substrate for a wide array of electronic devices, including integrated circuits, discrete power components and sensor technologies. Headquartered in Munich, Siltronic’s wafers are a critical input used by chipmakers worldwide to fabricate advanced microelectronic components for consumer electronics, automotive systems and industrial applications.

The origins of Siltronic trace back to its establishment as a spin-off from Siemens’ semiconductor materials division in 2001.