Soitec SA (OTCMKTS:SLOIF) Short Interest Update

Soitec SA (OTCMKTS:SLOIF) was the recipient of a large growth in short interest during the month of June. As of June 30th, there was short interest totaling 146,856 shares, a growth of 179.3% from the June 15th total of 52,579 shares. Based on an average trading volume of 17,784 shares, the days-to-cover ratio is presently 8.3 days. Currently, 0.4% of the company’s shares are short sold.

Soitec Trading Down 4.2%

Shares of OTCMKTS SLOIF traded down $4.71 during midday trading on Monday, hitting $108.29. The company’s stock had a trading volume of 2,905 shares, compared to its average volume of 16,759. The stock has a fifty day moving average price of $160.56 and a 200 day moving average price of $91.70. The company has a debt-to-equity ratio of 0.39, a quick ratio of 3.19 and a current ratio of 3.89. Soitec has a one year low of $24.57 and a one year high of $226.22.

Wall Street Analyst Weigh In

Separately, Zacks Research raised Soitec to a “hold” rating in a research report on Thursday, June 4th. One research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Reduce”.

Soitec Company Profile

Soitec is a France‐based semiconductor materials company specializing in the design and manufacture of engineered substrates for the microelectronics industry. Its core technology, known as Smart Cut®, enables the production of high-performance wafers such as silicon-on-insulator (SOI), gallium nitride-on-insulator (GaN-OI) and other advanced material platforms. These substrates are used by semiconductor manufacturers to improve device performance, reduce power consumption and integrate new functions in applications ranging from mobile devices to data centers.

The company’s product portfolio includes a variety of engineered wafers tailored for radio frequency (RF) applications, power management, and photonics.