Soitec SA (OTCMKTS:SLOIY) Sees Large Decrease in Short Interest

Soitec SA (OTCMKTS:SLOIY) saw a large drop in short interest in the month of April. As of April 30th, there was short interest totaling 356 shares, a drop of 98.0% from the April 15th total of 17,385 shares. Based on an average daily trading volume, of 21,043 shares, the short-interest ratio is presently 0.0 days.

Soitec Price Performance

SLOIY stock traded down $4.57 during mid-day trading on Monday, reaching $96.72. 26,717 shares of the company traded hands, compared to its average volume of 11,640. Soitec has a fifty-two week low of $13.13 and a fifty-two week high of $102.62. The firm’s 50 day moving average price is $42.94 and its 200 day moving average price is $25.92.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on SLOIY. Citigroup restated a “sell” rating on shares of Soitec in a research note on Monday, February 9th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Soitec in a research note on Friday, February 6th. Finally, Oddo Bhf downgraded Soitec to a “neutral” rating in a research note on Tuesday, April 28th. One equities research analyst has rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold”.

About Soitec

Soitec is a France-based technology company specializing in the design and manufacture of advanced semiconductor materials. The company pioneered Smart Cut™ technology, which enables the production of Silicon-On-Insulator (SOI) wafers and other engineered substrates with superior electrical and thermal properties. Founded in 1992 as a spin-off from the French Atomic Energy Commission (CEA), Soitec has grown into a leading supplier of high-performance materials for the global electronics industry.

Soitec’s product portfolio includes RF-SOI substrates for 5G and mobile communications, Power-SOI for energy-efficient power management, and FD-SOI for ultra-low-power applications in IoT and automotive markets.