Short Interest in X-FAB Silicon Foundries SE (OTCMKTS:XFABF) Grows By 2,293.4%

X-FAB Silicon Foundries SE (OTCMKTS:XFABF) was the target of a large growth in short interest in May. As of May 29th, there was short interest totaling 28,242 shares, a growth of 2,293.4% from the May 14th total of 1,180 shares. Based on an average trading volume of 30,479 shares, the days-to-cover ratio is currently 0.9 days.

X-FAB Silicon Foundries Stock Down 15.1%

Shares of X-FAB Silicon Foundries stock traded down $1.95 during trading on Tuesday, reaching $11.00. The company’s stock had a trading volume of 15,993 shares, compared to its average volume of 7,053. X-FAB Silicon Foundries has a 1-year low of $5.16 and a 1-year high of $17.05. The company has a 50-day simple moving average of $8.18 and a two-hundred day simple moving average of $6.63.

Wall Street Analyst Weigh In

Separately, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of X-FAB Silicon Foundries in a research report on Monday, February 9th. Two equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold”.

X-FAB Silicon Foundries Company Profile

-FAB Silicon Foundries SE operates as an analog/mixed-signal semiconductor technology foundry. The company manufactures silicon wafers for automotive, industrial, consumer, medical, and mobile communications, and other applications; and analog/mixed-signal integrated circuits, sensors, and micro-electro-mechanical systems. It provides manufacturing and design support services for customers that design analog/mixed-signal integrated circuits and other semiconductor devices, as well as engineering and prototyping, outsourcing, technical, and design support services.