Soitec SA (OTCMKTS:SLOIY) Short Interest Up 128.8% in June

Soitec SA (OTCMKTS:SLOIY) was the recipient of a large increase in short interest in June. As of June 15th, there was short interest totaling 2,505 shares, an increase of 128.8% from the May 31st total of 1,095 shares. Based on an average trading volume of 16,072 shares, the short-interest ratio is currently 0.2 days.

Analysts Set New Price Targets

Several brokerages recently commented on SLOIY. Jefferies Financial Group lowered Soitec from a “hold” rating to an “underperform” rating in a research report on Wednesday, June 10th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Soitec in a research note on Friday, May 15th. Morgan Stanley reaffirmed an “overweight” rating on shares of Soitec in a research report on Tuesday, May 19th. Oddo Bhf downgraded shares of Soitec to a “neutral” rating in a research report on Tuesday, April 28th. Finally, UBS Group lowered shares of Soitec from a “neutral” rating to a “sell” rating in a research note on Monday, June 15th. Two investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Reduce”.

Soitec Trading Down 0.2%

Soitec stock traded down $0.10 during mid-day trading on Monday, reaching $64.00. The stock had a trading volume of 920 shares, compared to its average volume of 10,016. Soitec has a fifty-two week low of $13.13 and a fifty-two week high of $114.37. The stock’s 50-day simple moving average is $79.77 and its 200-day simple moving average is $41.25.

About Soitec

Soitec is a France-based technology company specializing in the design and manufacture of advanced semiconductor materials. The company pioneered Smart Cut™ technology, which enables the production of Silicon-On-Insulator (SOI) wafers and other engineered substrates with superior electrical and thermal properties. Founded in 1992 as a spin-off from the French Atomic Energy Commission (CEA), Soitec has grown into a leading supplier of high-performance materials for the global electronics industry.

Soitec’s product portfolio includes RF-SOI substrates for 5G and mobile communications, Power-SOI for energy-efficient power management, and FD-SOI for ultra-low-power applications in IoT and automotive markets.