Soitec SA (OTCMKTS:SLOIF) Sees Significant Growth in Short Interest

Soitec SA (OTCMKTS:SLOIF) was the recipient of a significant increase in short interest during the month of June. As of June 30th, there was short interest totaling 146,856 shares, an increase of 179.3% from the June 15th total of 52,579 shares. Based on an average daily trading volume, of 17,784 shares, the short-interest ratio is presently 8.3 days. Currently, 0.4% of the company’s shares are sold short.

Soitec Price Performance

Shares of SLOIF stock traded down $4.71 during midday trading on Monday, hitting $108.29. 2,905 shares of the company were exchanged, compared to its average volume of 16,759. The firm’s 50 day moving average price is $160.56 and its two-hundred day moving average price is $91.70. The company has a debt-to-equity ratio of 0.39, a quick ratio of 3.19 and a current ratio of 3.89. Soitec has a 52 week low of $24.57 and a 52 week high of $226.22.

Analyst Upgrades and Downgrades

Separately, Zacks Research raised shares of Soitec to a “hold” rating in a research note on Thursday, June 4th. One analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Reduce”.

Soitec Company Profile

Soitec is a France?based semiconductor materials company specializing in the design and manufacture of engineered substrates for the microelectronics industry. Its core technology, known as Smart Cut®, enables the production of high-performance wafers such as silicon-on-insulator (SOI), gallium nitride-on-insulator (GaN-OI) and other advanced material platforms. These substrates are used by semiconductor manufacturers to improve device performance, reduce power consumption and integrate new functions in applications ranging from mobile devices to data centers.

The company’s product portfolio includes a variety of engineered wafers tailored for radio frequency (RF) applications, power management, and photonics.