Siltronic AG (OTCMKTS:SSLLF) Short Interest Update

Siltronic AG (OTCMKTS:SSLLF) saw a large drop in short interest in August. As of August 14th, there was short interest totaling 16,371 shares, a drop of 65.6% from the July 30th total of 47,548 shares. Based on an average daily trading volume, of 612 shares, the days-to-cover ratio is currently 26.8 days.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on SSLLF. BNP Paribas Exane upgraded Siltronic to an “outperform” rating in a report on Thursday, July 9th. DZ Bank raised shares of Siltronic from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 30th. Citigroup restated a “neutral” rating on shares of Siltronic in a research note on Monday, June 1st. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Siltronic in a research report on Wednesday, May 6th. Finally, UBS Group raised shares of Siltronic from a “hold” rating to a “buy” rating in a research report on Monday, August 3rd. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy”.

Siltronic Price Performance

Shares of Siltronic stock opened at $92.60 on Friday. Siltronic has a twelve month low of $49.09 and a twelve month high of $122.95. The firm’s 50-day moving average price is $96.03 and its 200 day moving average price is $86.40.

Siltronic Company Profile

Siltronic AG is a Germany?based manufacturer specializing in the production of hyperpure silicon wafers for the semiconductor industry. These wafers serve as the foundational substrate for a wide array of electronic devices, including integrated circuits, discrete power components and sensor technologies. Headquartered in Munich, Siltronic’s wafers are a critical input used by chipmakers worldwide to fabricate advanced microelectronic components for consumer electronics, automotive systems and industrial applications.

The origins of Siltronic trace back to its establishment as a spin-off from Siemens’ semiconductor materials division in 2001.