Solitron Devices, Inc. (OTCMKTS:SODI) Shares Shorted: Short Interest Up 359.6% in October

Solitron Devices, Inc. (OTCMKTS:SODI) saw a large increase in short interest during the month of October. As of October 15th, there was short interest totaling 2,289 shares, an increase of 359.6% from the September 30th total of 498 shares. Based on an average daily trading volume, of 6,964 shares, the short-interest ratio is currently 0.3 days.

Solitron Devices Stock Performance

Shares of OTCMKTS SODI opened at $38.09 on Wednesday. The business has a 50-day moving average of $34.00 and a 200-day moving average of $27.67. Solitron Devices has a fifty-two week low of $17.20 and a fifty-two week high of $38.20.

Solitron Devices (OTCMKTS:SODI) last released its earnings results on Tuesday, October 13th. The company reported $0.60 earnings per share (EPS) for the quarter. The company had revenue of $5.66 million during the quarter.

About Solitron Devices

Solitron Devices, Inc is a semiconductor company that designs, manufactures and sells power semiconductor products. Its offerings include power MOSFETs, voltage regulators, rectifiers, transistors and hybrid circuits used in applications requiring power management, switching and voltage control.

The company focuses on components for aerospace, defense, space and other demanding industrial applications. Its products are designed for use in systems where reliability, durability and performance under challenging operating conditions are important.

Solitron Devices was established in 1959 and has historically served customers in the United States and other markets through its specialized semiconductor product lines.