Short Interest in X-FAB Silicon Foundries SE (OTCMKTS:XFABF) Grows By 2,293.4%

X-FAB Silicon Foundries SE (OTCMKTS:XFABF) was the recipient of a significant increase in short interest in the month of May. As of May 29th, there was short interest totaling 28,242 shares, an increase of 2,293.4% from the May 14th total of 1,180 shares. Based on an average daily trading volume, of 30,479 shares, the days-to-cover ratio is currently 0.9 days.

X-FAB Silicon Foundries Stock Down 15.1%

OTCMKTS:XFABF traded down $1.95 during midday trading on Tuesday, hitting $11.00. The stock had a trading volume of 15,993 shares, compared to its average volume of 7,053. The stock has a 50-day moving average of $8.18 and a 200 day moving average of $6.63. X-FAB Silicon Foundries has a one year low of $5.16 and a one year high of $17.05.

Wall Street Analysts Forecast Growth

Separately, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of X-FAB Silicon Foundries in a report on Monday, February 9th. Two equities research analysts have rated the stock with a Hold rating, According to MarketBeat.com, X-FAB Silicon Foundries currently has a consensus rating of “Hold”.

About X-FAB Silicon Foundries

-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.