Short Interest in Soitec SA (OTCMKTS:SLOIY) Drops By 99.9%

Soitec SA (OTCMKTS:SLOIY) saw a large decrease in short interest in July. As of July 15th, there was short interest totaling 1 shares, a decrease of 99.9% from the June 30th total of 1,001 shares. Based on an average daily volume of 9,701 shares, the days-to-cover ratio is currently 0.0 days.

Soitec Stock Down 2.8%

Shares of SLOIY stock traded down $1.89 during trading hours on Friday, reaching $64.77. The company had a trading volume of 1,582 shares, compared to its average volume of 9,238. Soitec has a 12 month low of $13.13 and a 12 month high of $114.37. The business has a fifty day simple moving average of $74.05 and a 200-day simple moving average of $47.35.

Analyst Ratings Changes

A number of brokerages recently commented on SLOIY. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Soitec in a research report on Friday, May 15th. Oddo Bhf cut Soitec to a “neutral” rating in a research note on Tuesday, April 28th. UBS Group downgraded Soitec from a “neutral” rating to a “sell” rating in a report on Monday, June 15th. Morgan Stanley reaffirmed an “overweight” rating on shares of Soitec in a research report on Tuesday, May 19th. Finally, Jefferies Financial Group cut Soitec from a “hold” rating to an “underperform” rating in a report on Wednesday, June 10th. Two research 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, the company presently has an average rating of “Reduce”.

Soitec Company Profile

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.