Soitec SA (OTCMKTS:SLOIY) Sees Large Growth in Short Interest

Soitec SA (OTCMKTS:SLOIY) saw a significant growth in short interest in the month of May. As of May 15th, there was short interest totaling 7,155 shares, a growth of 1,909.8% from the April 30th total of 356 shares. Based on an average daily volume of 28,907 shares, the days-to-cover ratio is currently 0.2 days.

Soitec Stock Performance

SLOIY stock opened at $85.97 on Thursday. Soitec has a 52 week low of $13.13 and a 52 week high of $104.74. The company’s 50-day simple moving average is $59.22 and its 200 day simple moving average is $31.67.

Wall Street Analysts Forecast Growth

SLOIY has been the topic of several research reports. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Soitec in a research note on Friday, May 15th. Citigroup restated a “sell” rating on shares of Soitec in a research note on Monday, February 9th. Morgan Stanley restated an “overweight” rating on shares of Soitec in a research note on Tuesday, May 19th. Finally, Oddo Bhf downgraded shares of Soitec to a “neutral” rating in a research note on Tuesday, April 28th. Two equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Soitec has a consensus rating of “Hold”.

About Soitec

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.