Siltronic AG (OTCMKTS:SSLLF) Sees Significant Increase in Short Interest

Siltronic AG (OTCMKTS:SSLLF) was the target of a large increase in short interest during the month of March. As of March 31st, there was short interest totalling 98,200 shares, an increase of 44.0% from the March 15th total of 68,200 shares. Based on an average daily trading volume, of 300 shares, the days-to-cover ratio is currently 327.3 days.

Siltronic Price Performance

Shares of SSLLF opened at $36.21 on Friday. The stock’s 50-day moving average price is $45.86 and its two-hundred day moving average price is $51.65. Siltronic has a 12 month low of $36.21 and a 12 month high of $90.25.

Siltronic (OTCMKTS:SSLLF) last released its earnings results on Thursday, March 6th. The company reported ($0.09) earnings per share for the quarter. The business had revenue of $384.69 million for the quarter.

Analysts Set New Price Targets

Separately, DZ Bank downgraded shares of Siltronic from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 25th.

About Siltronic

Siltronic AG, together with its subsidiaries, provides hyperpure semiconductor silicon wafers in Germany, rest of Europe, the United States, Taiwan and Mainland China, Korea, and Rest of Asia. It offers polished and epitaxial wafers. The company provides special products, such as Ultimate Silicon, an optimal crystal for polished wafers; Float zone/FZ, a wafer product based on the float zone method; and HIREF that offers low microroughness, and low-defect surface structure.