Short Interest in X-FAB Silicon Foundries SE (OTCMKTS:XFABF) Increases By 239.8%

X-FAB Silicon Foundries SE (OTCMKTS:XFABF) saw a significant growth in short interest in August. As of August 31st, there was short interest totaling 90,641 shares, a growth of 239.8% from the August 15th total of 26,678 shares. Based on an average daily volume of 5,739 shares, the days-to-cover ratio is currently 15.8 days.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of X-FAB Silicon Foundries in a report on Friday, July 10th. Sanford C. Bernstein raised X-FAB Silicon Foundries from a “market perform” rating to an “outperform” rating in a research note on Tuesday, June 23rd. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy”.

X-FAB Silicon Foundries Stock Performance

OTCMKTS XFABF opened at $7.05 on Friday. The stock’s 50 day simple moving average is $7.48 and its 200 day simple moving average is $7.75. X-FAB Silicon Foundries has a one year low of $5.16 and a one year high of $17.05.

X-FAB Silicon Foundries Company Profile

-FAB Silicon Foundries SE operates as an analog/mixed-signal semiconductor technology foundry. The company manufactures silicon wafers for automotive, industrial, consumer, medical, and mobile communications, and other applications; and analog/mixed-signal integrated circuits, sensors, and micro-electro-mechanical systems. It provides manufacturing and design support services for customers that design analog/mixed-signal integrated circuits and other semiconductor devices, as well as engineering and prototyping, outsourcing, technical, and design support services.