Solvay SA (OTCMKTS:SLVYY) Stock Short Interest Drops 36.3%

Solvay SA (OTCMKTS:SLVYY) was the target of a significant decrease in short interest in the month of September. As of September 30th, there was short interest totaling 13,862 shares, a decrease of 36.3% from the September 15th total of 21,766 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 33,690 shares, the short-interest ratio is presently 0.4 days.

Analysts Set New Price Targets

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

Solvay Stock Performance

SLVYY opened at $2.77 on Friday. The business has a 50-day moving average of $2.88 and a two-hundred day moving average of $2.98. Solvay has a 12 month low of $2.59 and a 12 month high of $3.38.

About Solvay

Solvay SA is a Belgium-based chemical company that develops and manufactures essential materials and chemical products for industrial and consumer applications. Following the 2023 separation of its specialty businesses into Syensqo, Solvay focuses on essential chemistry and serves customers in sectors such as construction, consumer goods, food, healthcare, agriculture, automotive, and other industrial markets.

Its products include soda ash and sodium bicarbonate, which are used in glassmaking, detergents, chemicals, food, and healthcare; hydrogen peroxide and related peroxide-based solutions; and precipitated silica used in applications such as tires, footwear, and industrial products.