Solstice Advanced Mat (NASDAQ:SOLS) Shares Shorted: Short Interest Down 48.3% in September

Solstice Advanced Mat (NASDAQ:SOLS) was the target of a significant decrease in short interest during the month of September. As of September 15th, there was short interest totaling 5,196,524 shares, a decrease of 48.3% from the August 31st total of 10,051,990 shares. Based on an average daily volume of 2,254,569 shares, the days-to-cover ratio is presently 2.3 days. Currently, 3.3% of the shares of the stock are short sold.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. State Street Corp acquired a new stake in shares of Solstice Advanced Mat in the second quarter valued at approximately $448,557,000. Madison Avenue Partners LP acquired a new stake in shares of Solstice Advanced Mat in the fourth quarter valued at about $135,172,000. Norges Bank acquired a new position in Solstice Advanced Mat during the fourth quarter valued at approximately $128,368,000. Geode Capital Management LLC acquired a new position in shares of Solstice Advanced Mat during the 4th quarter worth approximately $110,395,000. Finally, Bank of America Corp DE acquired a new stake in shares of Solstice Advanced Mat in the 2nd quarter valued at approximately $153,615,000.

Wall Street Analyst Weigh In

Several research firms have issued reports on SOLS. Weiss Ratings raised Solstice Advanced Mat from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, July 21st. Vertical Research raised Solstice Advanced Mat from a “hold” rating to a “buy” rating and set a $79.00 price target on the stock in a research note on Wednesday, July 22nd. UBS Group raised their price target on Solstice Advanced Mat from $78.00 to $80.00 and gave the company a “buy” rating in a report on Friday, July 31st. Morgan Stanley cut Solstice Advanced Mat to a “buy” rating in a report on Monday, July 13th. Finally, TD Cowen started coverage on shares of Solstice Advanced Mat in a research report on Monday, June 8th. They set a “hold” rating and a $90.00 price target for the company. Eight analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, Solstice Advanced Mat has a consensus rating of “Moderate Buy” and an average target price of $79.11.

Solstice Advanced Mat Price Performance

Shares of SOLS stock opened at $56.32 on Thursday. The company has a quick ratio of 1.08, a current ratio of 1.46 and a debt-to-equity ratio of 1.30. Solstice Advanced Mat has a 12-month low of $40.43 and a 12-month high of $90.80. The firm has a fifty day moving average of $59.69 and a 200-day moving average of $71.64. The firm has a market capitalization of $8.95 billion and a price-to-earnings ratio of 31.82.

Solstice Advanced Mat (NASDAQ:SOLS) last announced its quarterly earnings results on Thursday, July 30th. The company reported $0.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.79 by $0.09. Solstice Advanced Mat had a return on equity of 14.28% and a net margin of 5.13%.The company had revenue of $1.15 billion during the quarter. Solstice Advanced Mat has set its FY 2026 guidance at 2.750-2.950 EPS. On average, equities research analysts forecast that Solstice Advanced Mat will post 2.88 earnings per share for the current year.

Solstice Advanced Mat Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 10th. Investors of record on Thursday, August 27th were issued a dividend of $0.0750 per share. This represents a $0.30 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date was Thursday, August 27th. Solstice Advanced Mat’s dividend payout ratio (DPR) is presently 16.95%.

About Solstice Advanced Mat

Solstice Advanced Materials, Inc is a specialty materials company that develops and manufactures high-performance chemicals and engineered materials for customers in industries including healthcare, electronics, automotive, aerospace, construction, and refrigeration. The company focuses on technologies designed to support energy efficiency, product performance, and lower environmental impact.

Its product portfolio includes low-global-warming-potential refrigerants and blowing agents, fluorine-based specialty chemicals, advanced films and barrier materials, and other engineered materials used in demanding industrial and commercial applications.