Solvay SA (OTCMKTS:SLVYY) Sees Large Decrease in Short Interest

Solvay SA (OTCMKTS:SLVYY) was the target of a significant drop in short interest in the month of May. As of May 29th, there was short interest totaling 2,335 shares, a drop of 81.1% from the May 14th total of 12,348 shares. Based on an average daily trading volume, of 26,759 shares, the short-interest ratio is currently 0.1 days.

Solvay Trading Up 2.0%

OTCMKTS:SLVYY opened at $3.03 on Friday. Solvay has a 1 year low of $2.77 and a 1 year high of $3.52. The firm has a 50 day moving average of $3.08 and a 200-day moving average of $3.08.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the stock. Deutsche Bank Aktiengesellschaft upgraded shares of Solvay from a “sell” rating to a “hold” rating in a research note on Wednesday. Oddo Bhf cut shares of Solvay to a “neutral” rating in a research note on Tuesday, February 17th. Finally, Barclays restated an “underweight” rating on shares of Solvay in a research note on Wednesday, February 25th. Four research analysts have rated the stock with a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Reduce”.

About Solvay

Solvay SA provides advanced materials and specialty chemicals worldwide. It operates through four segments: Materials, Chemicals, Solutions, and Corporate & Business Services. The Materials segment offers specialty polymers, including aromatic polymers, high barrier polymers, and fluoropolymers for the electronics, automotive, aerospace, and healthcare industries; and composite materials for aerospace engineered materials market. The Chemicals segment produces and sells soda ash and sodium bicarbonate primarily to the flat and container glass industries, as well as for use in detergents, pharmaceutical, and feed and food industries; hydrogen peroxide for use primarily in the paper industry to bleach pulp, as well as chemicals, electronics, food, mining, and environment; and dispersible silica for tire manufacturers; and solvent solutions, phenols and derivatives, polyamide derivatives and smart, functional, and sustainable yarns and polymers.