Solitron Devices, Inc. (OTCMKTS:SODI) Stock Short Interest Drops 88.7%

Solitron Devices, Inc. (OTCMKTS:SODI) was the target of a large drop in short interest in October. As of October 30th, there was short interest totaling 258 shares, a drop of 88.7% from the October 15th total of 2,289 shares. Based on an average daily volume of 3,466 shares, the short-interest ratio is currently 0.1 days.

Solitron Devices Price Performance

SODI stock traded down $0.50 on Wednesday, reaching $37.00. The company had a trading volume of 613 shares, compared to its average volume of 2,640. Solitron Devices has a 1 year low of $18.75 and a 1 year high of $39.34. The company’s fifty day moving average is $34.80 and its 200 day moving average is $28.53.

Solitron Devices (OTCMKTS:SODI) last announced its earnings results on Tuesday, October 13th. The company reported $0.60 EPS for the quarter. The company had revenue of $5.66 million for the quarter.

Solitron Devices Company Profile

Solitron Devices, Inc. is a semiconductor manufacturer that develops and produces high-reliability power semiconductor components. Its product offerings include power MOSFETs, bipolar transistors, rectifiers, diodes and related semiconductor devices designed for demanding electronic applications. The company primarily serves the military, aerospace, space and industrial markets, where components are used in power-management, control and other mission-critical systems. Solitron emphasizes products intended to meet rigorous performance and reliability requirements for specialized applications.