Soitec SA (OTCMKTS:SLOIY) Stock Short Interest Falls 53.2%

Soitec SA (OTCMKTS:SLOIY) was the target of a significant decrease in short interest in October. As of October 15th, there was short interest totaling 213 shares, a decrease of 53.2% from the September 30th total of 455 shares. Based on an average daily trading volume, of 2,863 shares, the days-to-cover ratio is currently 0.1 days.

Soitec Stock Performance

SLOIY opened at $66.31 on Friday. Soitec has a fifty-two week low of $13.13 and a fifty-two week high of $114.37. The firm’s fifty day moving average is $76.77 and its 200 day moving average is $57.62.

Wall Street Analysts Forecast Growth

SLOIY has been the topic of a number of analyst reports. Citigroup reaffirmed a “sell” rating on shares of Soitec in a research report on Thursday, August 13th. Oddo Bhf raised shares of Soitec from a “neutral” rating to an “outperform” rating in a report on Thursday, September 3rd. Finally, Barclays upgraded shares of Soitec from an “equal weight” rating to an “overweight” rating in a research note on Friday, September 18th. Four 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 has a consensus rating of “Hold”.

About Soitec

Soitec is a France-based semiconductor materials company that develops and manufactures engineered substrates used in advanced electronic and microelectronic applications. Its materials are supplied to semiconductor manufacturers and support products in mobile communications, automotive systems, artificial intelligence, consumer electronics, industrial equipment and other markets.

The company is best known for silicon-on-insulator (SOI) wafers, including RF-SOI substrates for radio-frequency components, fully depleted SOI materials for energy-efficient processors and other advanced chips, and power-oriented substrates.