Short Interest in Soitec SA (OTCMKTS:SLOIY) Drops By 99.9%

Soitec SA (OTCMKTS:SLOIY) was the target of a significant decline in short interest during the month of July. As of July 15th, there was short interest totaling 1 shares, a decline of 99.9% from the June 30th total of 1,001 shares. Based on an average daily volume of 9,701 shares, the days-to-cover ratio is presently 0.0 days.

Wall Street Analysts Forecast Growth

Several research firms have commented on SLOIY. UBS Group lowered shares of Soitec from a “neutral” rating to a “sell” rating in a research note on Monday, June 15th. Morgan Stanley reaffirmed an “overweight” rating on shares of Soitec in a report on Tuesday, May 19th. Oddo Bhf downgraded Soitec to a “neutral” rating in a research report on Tuesday, April 28th. Jefferies Financial Group lowered Soitec from a “hold” rating to an “underperform” rating in a report on Wednesday, June 10th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Soitec in a research report on Friday, May 15th. 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. Based on data from MarketBeat, the company currently has an average rating of “Reduce”.

Soitec Stock Performance

SLOIY stock traded down $1.89 during mid-day trading on Friday, hitting $64.77. The company had a trading volume of 1,582 shares, compared to its average volume of 9,238. Soitec has a 12 month low of $13.13 and a 12 month high of $114.37. The stock’s fifty day moving average price is $74.05 and its two-hundred day moving average price is $47.35.

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.