Short Interest in Soitec SA (OTCMKTS:SLOIY) Expands By 190,800.0%

Soitec SA (OTCMKTS:SLOIY) was the recipient of a large increase in short interest in the month of July. As of July 31st, there was short interest totaling 1,909 shares, an increase of 190,800.0% from the July 15th total of 1 shares. Based on an average trading volume of 8,375 shares, the short-interest ratio is currently 0.2 days.

Analyst Upgrades and Downgrades

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

Soitec Stock Performance

Shares of Soitec stock remained flat at $70.00 during midday trading on Tuesday. 4,189 shares of the company traded hands, compared to its average volume of 8,571. The business has a 50 day simple moving average of $66.80 and a two-hundred day simple moving average of $51.62. Soitec has a 12 month low of $13.13 and a 12 month high of $114.37.

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.