Soitec SA (OTCMKTS:SLOIF) Short Interest Down 43.1% in April

Soitec SA (OTCMKTS:SLOIF) was the target of a large drop in short interest in the month of April. As of April 30th, there was short interest totaling 43,217 shares, a drop of 43.1% from the April 15th total of 75,957 shares. Based on an average trading volume of 59,280 shares, the days-to-cover ratio is presently 0.7 days. Currently, 0.1% of the company’s stock are sold short.

Soitec Stock Performance

Shares of OTCMKTS:SLOIF traded down $9.15 on Monday, reaching $163.43. The company had a trading volume of 31,499 shares, compared to its average volume of 19,594. Soitec has a 52-week low of $24.57 and a 52-week high of $207.43. The firm’s 50 day simple moving average is $98.09 and its 200-day simple moving average is $58.21. The company has a current ratio of 2.39, a quick ratio of 1.85 and a debt-to-equity ratio of 0.36.

About Soitec

Soitec is a France‐based semiconductor materials company specializing in the design and manufacture of engineered substrates for the microelectronics industry. Its core technology, known as Smart Cut®, enables the production of high-performance wafers such as silicon-on-insulator (SOI), gallium nitride-on-insulator (GaN-OI) and other advanced material platforms. These substrates are used by semiconductor manufacturers to improve device performance, reduce power consumption and integrate new functions in applications ranging from mobile devices to data centers.

The company’s product portfolio includes a variety of engineered wafers tailored for radio frequency (RF) applications, power management, and photonics.