X-FAB Silicon Foundries SE (OTCMKTS:XFABF) Sees Significant Growth in Short Interest

X-FAB Silicon Foundries SE (OTCMKTS:XFABF) saw a significant increase in short interest during the month of September. As of September 15th, there was short interest totaling 171,145 shares, an increase of 88.8% from the August 31st total of 90,641 shares. Based on an average daily volume of 858 shares, the days-to-cover ratio is presently 199.5 days.

Wall Street Analysts Forecast Growth

XFABF has been the topic of a number of recent research reports. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of X-FAB Silicon Foundries in a report on Friday, July 10th. Sanford C. Bernstein upgraded shares of X-FAB Silicon Foundries from a “market perform” rating to an “outperform” rating in a research note on Tuesday, June 23rd. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, X-FAB Silicon Foundries currently has a consensus rating of “Moderate Buy”.

X-FAB Silicon Foundries Price Performance

Shares of X-FAB Silicon Foundries stock opened at $7.20 on Thursday. X-FAB Silicon Foundries has a 12-month low of $5.16 and a 12-month high of $17.05. The company has a 50-day moving average of $7.05 and a two-hundred day moving average of $7.90.

About X-FAB Silicon Foundries

X-FAB Silicon Foundries SE is a semiconductor manufacturing company that provides specialty foundry services to fabless chip designers and integrated device manufacturers. Rather than selling branded end products, the company manufactures customer-designed semiconductor components using its production technologies and supports customers from initial design through volume production.

The company specializes in analog and mixed-signal semiconductor technologies, including high-voltage, automotive, silicon carbide and silicon-on-insulator processes.