Solvay SA (OTCMKTS:SLVYY) Stock Short Interest Report for October

Solvay SA (OTCMKTS:SLVYY) was the target of a significant increase in short interest during the month of October. As of October 30th, there was short interest totaling 11,062 shares, an increase of 467.3% from the October 15th total of 1,950 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 38,525 shares, the short-interest ratio is presently 0.3 days.

Solvay Stock Up 1.9%

Shares of Solvay stock traded up $0.05 during trading on Wednesday, reaching $2.66. 6,005 shares of the company were exchanged, compared to its average volume of 32,108. Solvay has a twelve month low of $2.52 and a twelve month high of $3.38. The business has a 50-day moving average price of $2.76 and a 200-day moving average price of $2.97.

Wall Street Analyst Weigh In

Separately, Zacks Research cut shares of Solvay from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 31st. Four investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Reduce”.

Solvay Company Profile

Solvay is a Belgium-based chemicals company founded in 1863 by Ernest Solvay. Following the 2023 separation of its specialty businesses into Syensqo, Solvay focuses on essential chemicals and materials used by industrial and consumer-product manufacturers. The company produces soda ash and sodium bicarbonate, hydrogen peroxide, silica, and other chemical products. These materials serve applications including glassmaking, detergents, food and pharmaceuticals, automotive manufacturing, and water treatment.