Siltronic AG (OTCMKTS:SSLLF) Sees Significant Decline in Short Interest

Siltronic AG (OTCMKTS:SSLLF) was the recipient of a large decrease in short interest during the month of January. As of January 30th, there was short interest totaling 20,585 shares, a decrease of 24.4% from the January 15th total of 27,218 shares. Based on an average daily volume of 26 shares, the days-to-cover ratio is currently 791.7 days. Based on an average daily volume of 26 shares, the days-to-cover ratio is currently 791.7 days.

Analyst Upgrades and Downgrades

Several analysts have issued reports on SSLLF shares. Citigroup reaffirmed a “neutral” rating on shares of Siltronic in a research note on Monday, November 3rd. Jefferies Financial Group upgraded shares of Siltronic from a “hold” rating to a “strong-buy” rating in a report on Monday, October 20th. One investment analyst has rated the stock with a Strong Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, Siltronic has an average rating of “Moderate Buy”.

Siltronic Price Performance

Shares of Siltronic stock opened at $59.00 on Tuesday. The company’s fifty day simple moving average is $58.17 and its two-hundred day simple moving average is $56.18. Siltronic has a 12-month low of $36.21 and a 12-month high of $66.00.

Siltronic Company Profile

Siltronic AG is a Germany‐based manufacturer specializing in the production of hyperpure silicon wafers for the semiconductor industry. These wafers serve as the foundational substrate for a wide array of electronic devices, including integrated circuits, discrete power components and sensor technologies. Headquartered in Munich, Siltronic’s wafers are a critical input used by chipmakers worldwide to fabricate advanced microelectronic components for consumer electronics, automotive systems and industrial applications.

The origins of Siltronic trace back to its establishment as a spin-off from Siemens’ semiconductor materials division in 2001.