Siltronic AG (OTCMKTS:SSLLF) Short Interest Down 65.6% in August

Siltronic AG (OTCMKTS:SSLLF) was the target of a large decrease in short interest during the month of August. As of August 14th, there was short interest totaling 16,371 shares, a decrease of 65.6% from the July 30th total of 47,548 shares. Based on an average trading volume of 612 shares, the short-interest ratio is currently 26.8 days.

Wall Street Analyst Weigh In

SSLLF has been the subject of several analyst reports. Citigroup restated a “neutral” rating on shares of Siltronic in a report on Monday, June 1st. Jefferies Financial Group reissued a “buy” rating on shares of Siltronic in a research report on Thursday, July 30th. DZ Bank raised shares of Siltronic from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 30th. Oddo Bhf downgraded shares of Siltronic to an “underperform” rating in a report on Monday, May 4th. Finally, UBS Group upgraded shares of Siltronic from a “hold” rating to a “buy” rating in a research note on Monday, August 3rd. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy”.

Siltronic Stock Down 4.8%

Shares of OTCMKTS SSLLF opened at $92.60 on Friday. The business’s 50 day moving average is $96.45 and its two-hundred day moving average is $86.36. Siltronic has a 12 month low of $49.09 and a 12 month high of $122.95.

Siltronic Company Profile

Siltronic AG is a Germany?based manufacturer specializing in the production of hyperpure silicon wafers for the semiconductor industry. These wafers serve as the foundational substrate for a wide array of electronic devices, including integrated circuits, discrete power components and sensor technologies. Headquartered in Munich, Siltronic’s wafers are a critical input used by chipmakers worldwide to fabricate advanced microelectronic components for consumer electronics, automotive systems and industrial applications.

The origins of Siltronic trace back to its establishment as a spin-off from Siemens’ semiconductor materials division in 2001.