Short Interest in Soitec SA (OTCMKTS:SLOIY) Decreases By 99.9%

Soitec SA (OTCMKTS:SLOIY) saw a significant decline in short interest during the month of July. As of July 15th, there was short interest totaling 1 shares, a decline of 99.9% from the June 30th total of 1,001 shares. Based on an average daily trading volume, of 9,701 shares, the short-interest ratio is presently 0.0 days.

Analysts Set New Price Targets

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

Soitec Trading Down 2.8%

Shares of SLOIY stock opened at $64.77 on Friday. The business’s fifty day moving average is $73.65 and its 200-day moving average is $47.47. Soitec has a 1 year low of $13.13 and a 1 year high of $114.37.

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.