Solvay SA (OTCMKTS:SLVYY) Stock Short Interest Report for October

Solvay SA (OTCMKTS:SLVYY) saw a significant growth in short interest during the month of October. As of October 30th, there was short interest totaling 11,062 shares, a growth of 467.3% from the October 15th total of 1,950 shares. Based on an average trading volume of 38,525 shares, the short-interest ratio is presently 0.3 days. Approximately 0.0% of the shares of the stock are short sold.

Wall Street Analyst Weigh In

Separately, Zacks Research lowered shares of Solvay from a “strong-buy” rating to a “hold” rating in a report on Friday, July 31st. Four investment analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Solvay has a consensus rating of “Reduce”.

Solvay Trading Up 1.9%

Shares of SLVYY stock traded up $0.05 on Wednesday, reaching $2.66. 6,005 shares of the stock were exchanged, compared to its average volume of 32,108. Solvay has a one year low of $2.52 and a one year high of $3.38. The stock has a 50 day moving average price of $2.76 and a 200 day moving average price of $2.97.

Solvay Company Profile

Solvay is a Belgium-based chemicals company founded in 1863 by Ernest Solvay. Following the 2023 separation of its specialty businesses into Syensqo, Solvay focuses on essential chemicals and materials used by industrial and consumer-product manufacturers. The company produces soda ash and sodium bicarbonate, hydrogen peroxide, silica, and other chemical products. These materials serve applications including glassmaking, detergents, food and pharmaceuticals, automotive manufacturing, and water treatment.