Solvay SA (OTCMKTS:SLVYY) Stock Short Interest Falls 52.2%

Solvay SA (OTCMKTS:SLVYY) saw a large decline in short interest in the month of September. As of September 15th, there was short interest totaling 21,766 shares, a decline of 52.2% from the August 31st total of 45,564 shares. Based on an average trading volume of 36,770 shares, the short-interest ratio is presently 0.6 days. Approximately 0.0% of the company’s stock are sold short.

Wall Street Analyst Weigh In

SLVYY has been the topic of several research reports. Zacks Research lowered shares of Solvay from a “strong-buy” rating to a “hold” rating in a report on Friday, July 31st. Deutsche Bank Aktiengesellschaft upgraded shares of Solvay from a “sell” rating to a “hold” rating in a research note on Wednesday, June 10th. Five investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Reduce”.

Solvay Trading Down 0.4%

Shares of OTCMKTS:SLVYY traded down $0.01 during mid-day trading on Tuesday, reaching $2.76. The company had a trading volume of 214 shares, compared to its average volume of 33,262. Solvay has a one year low of $2.73 and a one year high of $3.38. The company’s 50-day moving average price is $2.95 and its 200-day moving average price is $3.00.

Solvay Company Profile

Solvay SA is a Belgium-based chemical company that develops and manufactures essential materials and chemical solutions for industrial and consumer applications. Its portfolio includes soda ash, sodium bicarbonate, hydrogen peroxide, silica, specialty chemicals and related products used in areas such as construction, glass manufacturing, water treatment, detergents, pulp and paper, food, agriculture and healthcare.

The company serves customers across a range of industries, including automotive, aerospace, electronics, consumer goods and energy.