Solvay SA (OTCMKTS:SLVYY) Stock Short Interest Drops 36.3%

Solvay SA (OTCMKTS:SLVYY) saw a large drop in short interest during the month of September. As of September 30th, there was short interest totaling 13,862 shares, a drop of 36.3% from the September 15th total of 21,766 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily volume of 33,690 shares, the days-to-cover ratio is currently 0.4 days.

Solvay Trading Up 1.8%

Shares of OTCMKTS:SLVYY opened at $2.77 on Friday. Solvay has a 1 year low of $2.59 and a 1 year high of $3.38. The stock has a 50-day simple moving average of $2.88 and a 200-day simple moving average of $2.98.

Wall Street Analyst Weigh In

Separately, Zacks Research lowered Solvay from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 31st. Four analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Reduce”.

Solvay Company Profile

Solvay SA is a Belgium-based chemical company that develops and manufactures essential materials and chemical products for industrial and consumer applications. Following the 2023 separation of its specialty businesses into Syensqo, Solvay focuses on essential chemistry and serves customers in sectors such as construction, consumer goods, food, healthcare, agriculture, automotive, and other industrial markets.

Its products include soda ash and sodium bicarbonate, which are used in glassmaking, detergents, chemicals, food, and healthcare; hydrogen peroxide and related peroxide-based solutions; and precipitated silica used in applications such as tires, footwear, and industrial products.