Short Interest in Soitec SA (OTCMKTS:SLOIY) Drops By 84.7%

Soitec SA (OTCMKTS:SLOIY) was the target of a significant drop in short interest in the month of May. As of May 29th, there was short interest totaling 1,095 shares, a drop of 84.7% from the May 14th total of 7,155 shares. Based on an average trading volume of 15,798 shares, the days-to-cover ratio is presently 0.1 days.

Soitec Stock Performance

SLOIY stock traded down $8.48 during mid-day trading on Wednesday, hitting $71.91. The company had a trading volume of 5,361 shares, compared to its average volume of 10,996. Soitec has a 12 month low of $13.13 and a 12 month high of $114.37. The stock’s fifty day moving average price is $70.12 and its two-hundred day moving average price is $36.06.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Soitec in a research note on Friday, May 15th. Oddo Bhf downgraded shares of Soitec to a “neutral” rating in a report on Tuesday, April 28th. Jefferies Financial Group lowered shares of Soitec from a “hold” rating to an “underperform” rating in a research report on Wednesday. Finally, Morgan Stanley restated an “overweight” rating on shares of Soitec in a report on Tuesday, May 19th. Two investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold”.

Soitec Company Profile

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.