Short Interest in Soitec SA (OTCMKTS:SLOIY) Declines By 60.0%

Soitec SA (OTCMKTS:SLOIY) saw a large drop in short interest in the month of June. As of June 30th, there was short interest totaling 1,001 shares, a drop of 60.0% from the June 15th total of 2,505 shares. Based on an average daily trading volume, of 11,664 shares, the short-interest ratio is currently 0.1 days.

Analyst Ratings Changes

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

Soitec Price Performance

Shares of SLOIY traded up $4.86 during mid-day trading on Tuesday, hitting $58.71. 1,783 shares of the company’s stock were exchanged, compared to its average volume of 9,635. Soitec has a 52 week low of $13.13 and a 52 week high of $114.37. The company has a 50-day simple moving average of $79.74 and a 200 day simple moving average of $45.00.

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.