Soitec SA (OTCMKTS:SLOIY) Short Interest Update

Soitec SA (OTCMKTS:SLOIY) was the recipient of a significant drop in short interest during the month of June. As of June 30th, there was short interest totaling 1,001 shares, a drop of 60.0% from the June 15th total of 2,505 shares. Based on an average trading volume of 11,664 shares, the days-to-cover ratio is currently 0.1 days.

Soitec Stock Performance

Shares of OTCMKTS:SLOIY opened at $58.71 on Wednesday. Soitec has a 12 month low of $13.13 and a 12 month high of $114.37. The company’s fifty day simple moving average is $79.07 and its 200 day simple moving average is $45.31.

Analyst Upgrades and Downgrades

SLOIY has been the topic of a number of analyst reports. Jefferies Financial Group downgraded Soitec from a “hold” rating to an “underperform” rating in a research note on Wednesday, June 10th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Soitec in a research note on Friday, May 15th. Morgan Stanley reissued an “overweight” rating on shares of Soitec in a research note on Tuesday, May 19th. UBS Group cut Soitec from a “neutral” rating to a “sell” rating in a report on Monday, June 15th. Finally, Oddo Bhf lowered Soitec to a “neutral” rating in a research report on Tuesday, April 28th. Two research analysts have rated the stock with a Buy rating, two have issued a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, Soitec currently has an average rating of “Reduce”.

Soitec Company Profile

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.