Short Interest in X-FAB Silicon Foundries SE (OTCMKTS:XFABF) Drops By 92.3%

X-FAB Silicon Foundries SE (OTCMKTS:XFABF) saw a large drop in short interest in the month of June. As of June 30th, there was short interest totaling 5,520 shares, a drop of 92.3% from the June 15th total of 71,582 shares. Based on an average daily trading volume, of 9,183 shares, the short-interest ratio is presently 0.6 days.

Analysts Set New Price Targets

XFABF has been the topic of a number of research reports. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of X-FAB Silicon Foundries in a research note on Friday. Sanford C. Bernstein raised X-FAB Silicon Foundries from a “market perform” rating to an “outperform” rating in a research note on Tuesday, June 23rd. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy”.

X-FAB Silicon Foundries Stock Performance

XFABF remained flat at $8.70 during midday trading on Friday. The company’s stock had a trading volume of 407 shares, compared to its average volume of 7,379. The stock has a 50 day moving average of $9.85 and a two-hundred day moving average of $7.30. X-FAB Silicon Foundries has a 1 year low of $5.16 and a 1 year high of $17.05.

X-FAB Silicon Foundries Company Profile

-FAB Silicon Foundries SE operates as an analog/mixed-signal semiconductor technology foundry. The company manufactures silicon wafers for automotive, industrial, consumer, medical, and mobile communications, and other applications; and analog/mixed-signal integrated circuits, sensors, and micro-electro-mechanical systems. It provides manufacturing and design support services for customers that design analog/mixed-signal integrated circuits and other semiconductor devices, as well as engineering and prototyping, outsourcing, technical, and design support services.