Soitec SA (OTCMKTS:SLOIF) Short Interest Update

Soitec SA (OTCMKTS:SLOIF) saw a significant increase in short interest in the month of June. As of June 30th, there was short interest totaling 146,856 shares, an increase of 179.3% from the June 15th total of 52,579 shares. Approximately 0.4% of the shares of the company are short sold. Based on an average daily trading volume, of 17,784 shares, the days-to-cover ratio is currently 8.3 days.

Wall Street Analyst Weigh In

Separately, Zacks Research raised Soitec to a “hold” rating in a report on Thursday, June 4th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company has a consensus rating of “Hold”.

Soitec Stock Performance

OTCMKTS SLOIF opened at $117.19 on Wednesday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 3.19 and a current ratio of 3.89. The stock’s 50-day simple moving average is $158.35 and its two-hundred day simple moving average is $92.93. Soitec has a twelve month low of $24.57 and a twelve month high of $226.22.

Soitec Company Profile

Soitec is a France‐based semiconductor materials company specializing in the design and manufacture of engineered substrates for the microelectronics industry. Its core technology, known as Smart Cut®, enables the production of high-performance wafers such as silicon-on-insulator (SOI), gallium nitride-on-insulator (GaN-OI) and other advanced material platforms. These substrates are used by semiconductor manufacturers to improve device performance, reduce power consumption and integrate new functions in applications ranging from mobile devices to data centers.

The company’s product portfolio includes a variety of engineered wafers tailored for radio frequency (RF) applications, power management, and photonics.