Soitec SA (OTCMKTS:SLOIY) Sees Significant Drop in Short Interest

Soitec SA (OTCMKTS:SLOIY) saw a large drop in short interest in the month of September. As of September 30th, there was short interest totaling 455 shares, a drop of 75.7% from the September 15th total of 1,869 shares. Based on an average daily trading volume, of 3,455 shares, the short-interest ratio is currently 0.1 days.

Wall Street Analysts Forecast Growth

SLOIY has been the topic of several analyst reports. Citigroup restated a “sell” rating on shares of Soitec in a report on Thursday, August 13th. Oddo Bhf raised Soitec from a “neutral” rating to an “outperform” rating in a research note on Thursday, September 3rd. Barclays upgraded shares of Soitec from an “equal weight” rating to an “overweight” rating in a research report on Friday, September 18th. Finally, UBS Group lowered shares of Soitec from a “neutral” rating to a “sell” rating in a research note on Monday, June 15th. Four analysts have rated the stock with a Buy rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold”.

Soitec Price Performance

SLOIY stock opened at $89.70 on Monday. The business has a 50-day moving average of $76.47 and a 200-day moving average of $69.37. Soitec has a fifty-two week low of $13.13 and a fifty-two week high of $114.37.

Soitec Company Profile

Soitec is a France-based semiconductor materials company that develops and manufactures engineered substrates used in the production of advanced electronic chips. Its materials are designed to improve semiconductor performance, energy efficiency, thermal management and integration, supporting applications across mobile communications, automotive electronics, industrial systems, consumer devices and high-performance computing.

The company’s product portfolio includes silicon-on-insulator (SOI) substrates, including its FD-SOI and RF-SOI platforms, as well as engineered substrates based on silicon carbide, gallium nitride and other advanced materials.