Short Interest in Soitec SA (OTCMKTS:SLOIY) Drops By 84.7%

Soitec SA (OTCMKTS:SLOIY) was the target of a significant decline in short interest in the month of May. As of May 29th, there was short interest totaling 1,095 shares, a decline of 84.7% from the May 14th total of 7,155 shares. Based on an average trading volume of 15,798 shares, the short-interest ratio is currently 0.1 days.

Soitec Stock Performance

Soitec stock traded down $8.48 during midday trading on Wednesday, reaching $71.91. 5,361 shares of the stock were exchanged, compared to its average volume of 10,996. The company’s fifty day moving average is $70.12 and its 200-day moving average is $36.06. Soitec has a 52 week low of $13.13 and a 52 week high of $114.37.

Analyst Ratings Changes

SLOIY has been the topic of several research reports. Jefferies Financial Group lowered shares of Soitec from a “hold” rating to an “underperform” rating in a research report on Wednesday. Oddo Bhf lowered shares of Soitec to a “neutral” rating in a research report on Tuesday, April 28th. Morgan Stanley reaffirmed an “overweight” rating on shares of Soitec in a report on Tuesday, May 19th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Soitec in a report on Friday, May 15th. Two research analysts have rated the stock with a Buy rating, three have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold”.

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.