Short Interest in Solvay SA (OTCMKTS:SLVYY) Increases By 73.8%

Solvay SA (OTCMKTS:SLVYY) saw a significant increase in short interest in the month of July. As of July 31st, there was short interest totaling 5,247 shares, an increase of 73.8% from the July 15th total of 3,019 shares. Based on an average daily volume of 48,472 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.0% of the shares of the company are sold short.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on SLVYY shares. Zacks Research lowered shares of Solvay from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 31st. Deutsche Bank Aktiengesellschaft raised shares of Solvay from a “sell” rating to a “hold” rating in a research report on Wednesday, June 10th. Five equities research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Reduce”.

Solvay Price Performance

Shares of OTCMKTS:SLVYY opened at $2.96 on Tuesday. The business’s 50 day moving average is $3.00 and its 200-day moving average is $3.04. Solvay has a 1-year low of $2.77 and a 1-year high of $3.38.

Solvay Company Profile

Solvay SA provides advanced materials and specialty chemicals worldwide. It operates through four segments: Materials, Chemicals, Solutions, and Corporate & Business Services. The Materials segment offers specialty polymers, including aromatic polymers, high barrier polymers, and fluoropolymers for the electronics, automotive, aerospace, and healthcare industries; and composite materials for aerospace engineered materials market. The Chemicals segment produces and sells soda ash and sodium bicarbonate primarily to the flat and container glass industries, as well as for use in detergents, pharmaceutical, and feed and food industries; hydrogen peroxide for use primarily in the paper industry to bleach pulp, as well as chemicals, electronics, food, mining, and environment; and dispersible silica for tire manufacturers; and solvent solutions, phenols and derivatives, polyamide derivatives and smart, functional, and sustainable yarns and polymers.