Siltronic AG (OTCMKTS:SSLLF) Short Interest Up 53.4% in July

Siltronic AG (OTCMKTS:SSLLF) was the recipient of a significant increase in short interest in the month of July. As of July 31st, there was short interest totaling 47,548 shares, an increase of 53.4% from the July 15th total of 30,998 shares. Based on an average trading volume of 218 shares, the short-interest ratio is presently 218.1 days.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the company. BNP Paribas Exane upgraded Siltronic to an “outperform” rating in a report on Thursday, July 9th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Siltronic in a research report on Wednesday, May 6th. UBS Group upgraded shares of Siltronic from a “hold” rating to a “buy” rating in a report on Monday, August 3rd. Citigroup reaffirmed a “neutral” rating on shares of Siltronic in a research report on Monday, June 1st. Finally, Jefferies Financial Group reiterated a “buy” rating on shares of Siltronic in a research note on Thursday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Siltronic presently has a consensus rating of “Moderate Buy”.

Siltronic Stock Performance

OTCMKTS SSLLF opened at $88.40 on Tuesday. Siltronic has a fifty-two week low of $49.09 and a fifty-two week high of $122.95. The business has a 50 day moving average price of $98.07 and a two-hundred day moving average price of $84.36.

About Siltronic

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.