Short Interest in Solvay SA (OTCMKTS:SLVYY) Increases By 73.8%

Solvay SA (OTCMKTS:SLVYY) was the recipient of a significant growth in short interest in the month of July. As of July 31st, there was short interest totaling 5,247 shares, a growth of 73.8% from the July 15th total of 3,019 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily volume of 48,472 shares, the days-to-cover ratio is currently 0.1 days.

Solvay Price Performance

OTCMKTS SLVYY traded down $0.01 during trading hours on Monday, reaching $2.99. The stock had a trading volume of 3,930 shares, compared to its average volume of 35,981. The stock has a fifty day moving average of $3.00 and a 200 day moving average of $3.05. Solvay has a 52-week low of $2.77 and a 52-week high of $3.38.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on SLVYY shares. Deutsche Bank Aktiengesellschaft raised shares of Solvay from a “sell” rating to a “hold” rating in a research note on Wednesday, June 10th. Zacks Research downgraded shares of Solvay from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 31st. Five analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Reduce”.

About Solvay

Solvay SA provides advanced materials and specialty chemicals worldwide. It operates through four segments: Materials, Chemicals, Solutions, and Corporate & Business Services. The Materials segment offers specialty polymers, including aromatic polymers, high barrier polymers, and fluoropolymers for the electronics, automotive, aerospace, and healthcare industries; and composite materials for aerospace engineered materials market. The Chemicals segment produces and sells soda ash and sodium bicarbonate primarily to the flat and container glass industries, as well as for use in detergents, pharmaceutical, and feed and food industries; hydrogen peroxide for use primarily in the paper industry to bleach pulp, as well as chemicals, electronics, food, mining, and environment; and dispersible silica for tire manufacturers; and solvent solutions, phenols and derivatives, polyamide derivatives and smart, functional, and sustainable yarns and polymers.