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

Soitec SA (OTCMKTS:SLOIF) was the recipient of a large increase in short interest during the month of February. As of February 15th, there was short interest totalling 44,800 shares, an increase of 58.9% from the January 31st total of 28,200 shares. Based on an average daily volume of 500 shares, the short-interest ratio is currently 89.6 days.

Soitec Price Performance

Shares of OTCMKTS:SLOIF remained flat at $61.00 during trading hours on Tuesday. The stock’s fifty day simple moving average is $78.69 and its 200-day simple moving average is $90.48. The company has a debt-to-equity ratio of 0.45, a quick ratio of 3.15 and a current ratio of 3.88. Soitec has a 52 week low of $58.43 and a 52 week high of $143.56.

About Soitec

Soitec SA designs and manufactures semiconductor materials worldwide. Its products are used to manufacture chips that are used in smart phones, tablets, computers, IT servers, and data centers, as well as electronic components in cars, connected devices, and industrial and medical equipment. It provides CONNECT Radio Frequency Silicon-on-Insulator (RF-SOI) for smartphone front-end modules; CONNECT Piezoelectric-on-Insulator RF filters for smartphone; and CONNECT RF gallium nitride for 5g infrastructure base stations and smartphones, as well as CONNECT Fully Depleted Silicon-On-Insulator (FD-SOI).