Short Interest in Solstice Advanced Mat (NASDAQ:SOLS) Expands By 102.2%

Solstice Advanced Mat (NASDAQ:SOLS) was the target of a significant growth in short interest during the month of July. As of July 15th, there was short interest totaling 11,325,520 shares, a growth of 102.2% from the June 30th total of 5,601,968 shares. Approximately 7.1% of the shares of the stock are sold short. Based on an average trading volume of 5,960,196 shares, the days-to-cover ratio is presently 1.9 days.

Solstice Advanced Mat Stock Performance

NASDAQ SOLS opened at $57.31 on Wednesday. The company has a market capitalization of $9.10 billion and a price-to-earnings ratio of 64.39. The company has a quick ratio of 1.02, a current ratio of 1.43 and a debt-to-equity ratio of 1.40. Solstice Advanced Mat has a twelve month low of $40.43 and a twelve month high of $90.80. The stock has a fifty day simple moving average of $75.90 and a 200 day simple moving average of $74.60.

Solstice Advanced Mat (NASDAQ:SOLS) last announced its earnings results on Wednesday, May 6th. The company reported $0.63 EPS for the quarter, topping the consensus estimate of $0.60 by $0.03. The company had revenue of $991.00 million for the quarter, compared to analyst estimates of $1.01 billion. Solstice Advanced Mat has set its FY 2026 guidance at 2.450-2.750 EPS. Sell-side analysts expect that Solstice Advanced Mat will post 2.65 EPS for the current year.

Solstice Advanced Mat Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Thursday, August 27th will be issued a $0.075 dividend. The ex-dividend date is Thursday, August 27th. This represents a $0.30 annualized dividend and a yield of 0.5%. Solstice Advanced Mat’s dividend payout ratio is presently 33.71%.

Analysts Set New Price Targets

A number of research firms have issued reports on SOLS. Truist Financial set a $75.00 target price on Solstice Advanced Mat and gave the company a “buy” rating in a research report on Thursday, July 9th. Weiss Ratings raised Solstice Advanced Mat from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, July 21st. BMO Capital Markets reduced their price objective on Solstice Advanced Mat from $101.00 to $90.00 and set an “outperform” rating on the stock in a research report on Thursday, July 16th. UBS Group reiterated a “buy” rating on shares of Solstice Advanced Mat in a research report on Tuesday, July 21st. Finally, Vertical Research upgraded Solstice Advanced Mat from a “hold” rating to a “buy” rating and set a $79.00 price target on the stock in a report on Wednesday, July 22nd. Seven analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $80.50.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. bought a new stake in shares of Solstice Advanced Mat in the 4th quarter valued at $893,275,000. State Street Corp bought a new position in Solstice Advanced Mat during the fourth quarter worth $245,276,000. Morgan Stanley acquired a new position in Solstice Advanced Mat in the fourth quarter valued at $195,151,000. Madison Avenue Partners LP bought a new stake in Solstice Advanced Mat during the fourth quarter valued at $135,172,000. Finally, UBS Group AG bought a new stake in Solstice Advanced Mat during the fourth quarter valued at $130,269,000.

Solstice Advanced Mat Company Profile

Solstice Advanced Materials is a leading global specialty materials company that advances science for smarter outcomes. Solstice offers high-performance solutions that enable critical industries and applications, including refrigerants, semiconductor manufacturing, data center cooling, nuclear power, protective fibers, healthcare packaging and more.