Soitec SA (OTCMKTS:SLOIF) Short Interest Up 179.3% in June

Soitec SA (OTCMKTS:SLOIF) saw a significant growth in short interest during the month of June. As of June 30th, there was short interest totaling 146,856 shares, a growth of 179.3% from the June 15th total of 52,579 shares. Approximately 0.4% of the shares of the stock are sold short. Based on an average daily volume of 17,784 shares, the short-interest ratio is currently 8.3 days.

Analyst Upgrades and Downgrades

Separately, Zacks Research upgraded shares of Soitec to a “hold” rating in a research report on Thursday, June 4th. One analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Reduce”.

Soitec Stock Performance

OTCMKTS SLOIF traded up $8.26 during trading on Tuesday, hitting $117.19. The stock had a trading volume of 695 shares, compared to its average volume of 16,677. Soitec has a 12 month low of $24.57 and a 12 month high of $226.22. The company’s 50-day moving average price is $159.70 and its two-hundred day moving average price is $92.29. The company has a current ratio of 3.89, a quick ratio of 3.19 and a debt-to-equity ratio of 0.39.

Soitec Company Profile

Soitec is a France?based semiconductor materials company specializing in the design and manufacture of engineered substrates for the microelectronics industry. Its core technology, known as Smart Cut®, enables the production of high-performance wafers such as silicon-on-insulator (SOI), gallium nitride-on-insulator (GaN-OI) and other advanced material platforms. These substrates are used by semiconductor manufacturers to improve device performance, reduce power consumption and integrate new functions in applications ranging from mobile devices to data centers.

The company’s product portfolio includes a variety of engineered wafers tailored for radio frequency (RF) applications, power management, and photonics.