Soitec SA (OTCMKTS:SLOIY) Stock Short Interest Drops 75.7%

Soitec SA (OTCMKTS:SLOIY) was the target of a large decrease in short interest in September. As of September 30th, there was short interest totaling 455 shares, a decrease of 75.7% from the September 15th total of 1,869 shares. Based on an average daily trading volume, of 3,455 shares, the short-interest ratio is presently 0.1 days.

Analysts Set New Price Targets

Several equities analysts recently commented on SLOIY shares. UBS Group downgraded Soitec from a “neutral” rating to a “sell” rating in a research report on Monday, June 15th. Barclays raised Soitec from an “equal weight” rating to an “overweight” rating in a research note on Friday, September 18th. Oddo Bhf upgraded Soitec from a “neutral” rating to an “outperform” rating in a research report on Thursday, September 3rd. Finally, Citigroup reissued a “sell” rating on shares of Soitec in a report on Thursday, August 13th. Four research analysts have rated the stock with a Buy rating and three have given a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold”.

Soitec Price Performance

OTCMKTS:SLOIY remained flat at $85.67 on Tuesday. 2,001 shares of the company’s stock were exchanged, compared to its average volume of 6,977. Soitec has a 52-week low of $13.13 and a 52-week high of $114.37. The stock’s fifty day simple moving average is $76.91 and its two-hundred day simple moving average is $69.77.

Soitec Company Profile

Soitec is a France-based semiconductor materials company that develops and manufactures engineered substrates used in the production of advanced electronic chips. Its materials are designed to improve semiconductor performance, energy efficiency, thermal management and integration, supporting applications across mobile communications, automotive electronics, industrial systems, consumer devices and high-performance computing.

The company’s product portfolio includes silicon-on-insulator (SOI) substrates, including its FD-SOI and RF-SOI platforms, as well as engineered substrates based on silicon carbide, gallium nitride and other advanced materials.