Short Interest in X-FAB Silicon Foundries SE (OTCMKTS:XFABF) Drops By 92.3%

X-FAB Silicon Foundries SE (OTCMKTS:XFABF) was the target of a large decrease in short interest in the month of June. As of June 30th, there was short interest totaling 5,520 shares, a decrease of 92.3% from the June 15th total of 71,582 shares. Based on an average daily trading volume, of 9,183 shares, the days-to-cover ratio is presently 0.6 days.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on XFABF shares. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of X-FAB Silicon Foundries in a research report on Friday. Sanford C. Bernstein raised shares of X-FAB Silicon Foundries from a “market perform” rating to an “outperform” rating in a research note on Tuesday, June 23rd. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, X-FAB Silicon Foundries has a consensus rating of “Moderate Buy”.

X-FAB Silicon Foundries Price Performance

Shares of OTCMKTS XFABF remained flat at $8.70 during mid-day trading on Friday. The company had a trading volume of 407 shares, compared to its average volume of 7,379. X-FAB Silicon Foundries has a 1 year low of $5.16 and a 1 year high of $17.05. The business has a 50-day simple moving average of $9.87 and a 200-day simple moving average of $7.31.

X-FAB Silicon Foundries Company Profile

-FAB Silicon Foundries SE operates as an analog/mixed-signal semiconductor technology foundry. The company manufactures silicon wafers for automotive, industrial, consumer, medical, and mobile communications, and other applications; and analog/mixed-signal integrated circuits, sensors, and micro-electro-mechanical systems. It provides manufacturing and design support services for customers that design analog/mixed-signal integrated circuits and other semiconductor devices, as well as engineering and prototyping, outsourcing, technical, and design support services.