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

Soitec SA (OTCMKTS:SLOIY) was the recipient of a large increase in short interest in the month of March. As of March 31st, there was short interest totalling 400 shares, an increase of 100.0% from the March 15th total of 200 shares. Based on an average daily volume of 100 shares, the days-to-cover ratio is presently 4.0 days.

Soitec Price Performance

SLOIY opened at $28.88 on Friday. The stock’s 50 day moving average price is $29.56 and its two-hundred day moving average price is $37.02. Soitec has a 12-month low of $28.88 and a 12-month high of $73.50.

Soitec Company Profile

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 offers Fully Depleted Silicon-On-Insulator (FD-SOI) for automotive radar and processors, and PD-SOI and FinFET-SOI products for high-performance computing markets.