Short Interest in Soitec SA (OTCMKTS:SLOIY) Expands By 94.3%

Soitec SA (OTCMKTS:SLOIY) was the target of a large growth in short interest in the month of August. As of August 31st, there was short interest totaling 2,510 shares, a growth of 94.3% from the August 15th total of 1,292 shares. Based on an average daily trading volume, of 4,884 shares, the short-interest ratio is currently 0.5 days.

Analyst Upgrades and Downgrades

SLOIY has been the topic of a number of recent research reports. Citigroup reissued a “sell” rating on shares of Soitec in a report on Thursday, August 13th. Morgan Stanley reissued an “overweight” rating on shares of Soitec in a report on Tuesday, May 19th. Jefferies Financial Group downgraded Soitec from a “hold” rating to an “underperform” rating in a research note on Wednesday, June 10th. UBS Group lowered Soitec from a “neutral” rating to a “sell” rating in a research report on Monday, June 15th. Finally, Oddo Bhf upgraded Soitec from a “neutral” rating to an “outperform” rating in a research note on Thursday, September 3rd. Three equities research analysts have rated the stock with a Buy rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold”.

Soitec Stock Down 12.0%

Shares of SLOIY stock opened at $72.17 on Tuesday. The stock has a 50-day simple moving average of $65.51 and a 200 day simple moving average of $61.22. Soitec has a fifty-two week low of $13.13 and a fifty-two week high of $114.37.

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.