Short Interest in Solvay SA (OTCMKTS:SLVYY) Drops By 98.6%

Solvay SA (OTCMKTS:SLVYY) was the target of a large decline in short interest in the month of April. As of April 30th, there was short interest totaling 132 shares, a decline of 98.6% from the April 15th total of 9,176 shares. Based on an average daily volume of 236,928 shares, the short-interest ratio is currently 0.0 days.

Analyst Ratings Changes

SLVYY has been the subject of a number of analyst reports. Barclays reissued an “underweight” rating on shares of Solvay in a research note on Wednesday, February 25th. Oddo Bhf lowered shares of Solvay to a “neutral” rating in a report on Tuesday, February 17th. Three analysts have rated the stock with a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, Solvay currently has a consensus rating of “Reduce”.

Solvay Stock Up 2.0%

OTCMKTS:SLVYY opened at $3.10 on Tuesday. The firm’s 50-day moving average price is $3.07 and its 200-day moving average price is $3.10. Solvay has a 1-year low of $2.77 and a 1-year high of $3.52.

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.