Siltronic AG (OTCMKTS:SSLLF) Short Interest Up 53.4% in July

Siltronic AG (OTCMKTS:SSLLF) saw a significant increase in short interest in July. As of July 31st, there was short interest totaling 47,548 shares, an increase of 53.4% from the July 15th total of 30,998 shares. Based on an average daily volume of 218 shares, the days-to-cover ratio is presently 218.1 days.

Analyst Ratings Changes

A number of brokerages recently issued reports on SSLLF. Citigroup reissued a “neutral” rating on shares of Siltronic in a report on Monday, June 1st. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Siltronic in a report on Wednesday, May 6th. DZ Bank raised shares of Siltronic from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 30th. Oddo Bhf downgraded shares of Siltronic to an “underperform” rating in a report on Monday, May 4th. Finally, BNP Paribas Exane upgraded shares of Siltronic to an “outperform” rating in a research report on Thursday, July 9th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy”.

Siltronic Stock Performance

SSLLF stock opened at $96.83 on Wednesday. The company’s 50 day moving average is $97.93 and its 200 day moving average is $84.59. Siltronic has a 1-year low of $49.09 and a 1-year high of $122.95.

Siltronic Company Profile

Siltronic AG is a Germany?based manufacturer specializing in the production of hyperpure silicon wafers for the semiconductor industry. These wafers serve as the foundational substrate for a wide array of electronic devices, including integrated circuits, discrete power components and sensor technologies. Headquartered in Munich, Siltronic’s wafers are a critical input used by chipmakers worldwide to fabricate advanced microelectronic components for consumer electronics, automotive systems and industrial applications.

The origins of Siltronic trace back to its establishment as a spin-off from Siemens’ semiconductor materials division in 2001.