Short Interest in Siltronic AG (OTCMKTS:SSLLF) Drops By 65.6%

Siltronic AG (OTCMKTS:SSLLF) was the recipient of a significant decline in short interest in August. As of August 14th, there was short interest totaling 16,371 shares, a decline of 65.6% from the July 30th total of 47,548 shares. Based on an average daily volume of 612 shares, the short-interest ratio is currently 26.8 days.

Analyst Ratings Changes

A number of research firms have issued reports on SSLLF. Oddo Bhf downgraded shares of Siltronic to an “underperform” rating in a research report on Monday, May 4th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Siltronic in a research note on Wednesday, May 6th. BNP Paribas Exane upgraded Siltronic to an “outperform” rating in a report on Thursday, July 9th. DZ Bank raised Siltronic from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 30th. Finally, Citigroup restated a “neutral” rating on shares of Siltronic in a research note on Monday, June 1st. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy”.

Siltronic Stock Down 4.8%

Shares of SSLLF opened at $92.60 on Friday. The firm’s 50 day moving average price is $96.45 and its 200 day moving average price is $86.36. Siltronic has a twelve month low of $49.09 and a twelve month high of $122.95.

About Siltronic

Siltronic AG is a Germany‐based manufacturer specializing in the production of hyperpure silicon wafers for the semiconductor industry. These wafers serve as the foundational substrate for a wide array of electronic devices, including integrated circuits, discrete power components and sensor technologies. Headquartered in Munich, Siltronic’s wafers are a critical input used by chipmakers worldwide to fabricate advanced microelectronic components for consumer electronics, automotive systems and industrial applications.

The origins of Siltronic trace back to its establishment as a spin-off from Siemens’ semiconductor materials division in 2001.