Soitec SA (OTCMKTS:SLOIY) Short Interest Update

Soitec SA (OTCMKTS:SLOIY) was the target of a large growth in short interest during the month of June. As of June 15th, there was short interest totaling 2,505 shares, a growth of 128.8% from the May 31st total of 1,095 shares. Based on an average daily volume of 16,072 shares, the short-interest ratio is currently 0.2 days.

Soitec Stock Up 0.3%

Shares of SLOIY traded up $0.17 during trading hours on Tuesday, reaching $66.00. 11,068 shares of the company traded hands, compared to its average volume of 9,950. The stock’s fifty day moving average price is $80.04 and its 200 day moving average price is $41.62. Soitec has a 12-month low of $13.13 and a 12-month high of $114.37.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. UBS Group downgraded shares of Soitec from a “neutral” rating to a “sell” rating in a research note on Monday, June 15th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Soitec in a report on Friday, May 15th. Jefferies Financial Group downgraded shares of Soitec from a “hold” rating to an “underperform” rating in a report on Wednesday, June 10th. Oddo Bhf downgraded shares of Soitec to a “neutral” rating in a research note on Tuesday, April 28th. Finally, Morgan Stanley restated an “overweight” rating on shares of Soitec in a research report on Tuesday, May 19th. Two investment analysts have rated the stock with a Buy rating, two have given a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Reduce”.

About Soitec

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.