Soitec SA (OTCMKTS:SLOIY) Sees Large Decrease in Short Interest

Soitec SA (OTCMKTS:SLOIY) was the target of a large decline in short interest during the month of April. As of April 30th, there was short interest totaling 356 shares, a decline of 98.0% from the April 15th total of 17,385 shares. Based on an average daily volume of 21,043 shares, the short-interest ratio is currently 0.0 days.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on SLOIY shares. Citigroup reiterated a “sell” rating on shares of Soitec in a research note on Monday, February 9th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Soitec in a research note on Friday, February 6th. Finally, Oddo Bhf downgraded Soitec to a “neutral” rating in a research note on Tuesday, April 28th. One equities research analyst has rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold”.

Soitec Price Performance

Shares of Soitec stock traded down $4.57 during mid-day trading on Monday, hitting $96.72. 26,717 shares of the stock were exchanged, compared to its average volume of 11,640. Soitec has a 12 month low of $13.13 and a 12 month high of $102.62. The company has a 50-day simple moving average of $42.94 and a 200 day simple moving average of $25.92.

About Soitec

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.