Soitec SA (OTCMKTS:SLOIY) Short Interest Up 94.3% in August

Soitec SA (OTCMKTS:SLOIY) saw a significant increase in short interest in the month of August. As of August 31st, there was short interest totaling 2,510 shares, an increase of 94.3% from the August 15th total of 1,292 shares. Based on an average daily trading volume, of 4,884 shares, the days-to-cover ratio is currently 0.5 days.

Soitec Price Performance

SLOIY stock opened at $72.17 on Tuesday. Soitec has a 12 month low of $13.13 and a 12 month high of $114.37. The firm has a 50 day moving average of $65.51 and a two-hundred day moving average of $61.22.

Analysts Set New Price Targets

A number of research firms have recently issued reports on SLOIY. Morgan Stanley restated an “overweight” rating on shares of Soitec in a report on Tuesday, May 19th. Citigroup reiterated a “sell” rating on shares of Soitec in a research report on Thursday, August 13th. Jefferies Financial Group cut Soitec from a “hold” rating to an “underperform” rating in a research report on Wednesday, June 10th. Oddo Bhf upgraded Soitec from a “neutral” rating to an “outperform” rating in a report on Thursday, September 3rd. Finally, UBS Group lowered Soitec from a “neutral” rating to a “sell” rating in a research report on Monday, June 15th. Three research analysts have rated the stock with a Buy rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold”.

About Soitec

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.