Soitec SA (OTCMKTS:SLOIY) Short Interest Update

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

Soitec Price Performance

Shares of SLOIY stock opened at $72.36 on Wednesday. The company has a 50-day simple moving average of $65.82 and a 200 day simple moving average of $61.60. Soitec has a 52 week low of $13.13 and a 52 week high of $114.37.

Analyst Ratings Changes

SLOIY has been the subject of several analyst reports. Jefferies Financial Group downgraded Soitec from a “hold” rating to an “underperform” rating in a research report on Wednesday, June 10th. Oddo Bhf raised Soitec from a “neutral” rating to an “outperform” rating in a research note on Thursday, September 3rd. UBS Group lowered Soitec from a “neutral” rating to a “sell” rating in a report on Monday, June 15th. Citigroup reaffirmed a “sell” rating on shares of Soitec in a research note on Thursday, August 13th. Finally, Morgan Stanley reaffirmed an “overweight” rating on shares of Soitec in a research report on Tuesday, May 19th. Three analysts have rated the stock with a Buy rating and three have issued a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold”.

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.