Soitec SA (OTCMKTS:SLOIY) Short Interest Update

Soitec SA (OTCMKTS:SLOIY) saw a significant increase in short interest during the month of July. As of July 31st, there was short interest totaling 1,909 shares, an increase of 190,800.0% from the July 15th total of 1 shares. Based on an average daily trading volume, of 8,375 shares, the short-interest ratio is currently 0.2 days.

Soitec Price Performance

Soitec stock remained flat at $70.00 during midday trading on Tuesday. 4,189 shares of the company’s stock traded hands, compared to its average volume of 8,571. Soitec has a twelve month low of $13.13 and a twelve month high of $114.37. The company has a fifty day simple moving average of $66.80 and a 200-day simple moving average of $51.62.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the company. UBS Group lowered Soitec from a “neutral” rating to a “sell” rating in a report on Monday, June 15th. Jefferies Financial Group downgraded Soitec from a “hold” rating to an “underperform” rating in a report on Wednesday, June 10th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Soitec in a research report on Friday, May 15th. Morgan Stanley reiterated an “overweight” rating on shares of Soitec in a report on Tuesday, May 19th. Finally, Oddo Bhf lowered shares of Soitec to a “neutral” rating in a research report on Tuesday, April 28th. Two equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Reduce”.

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.