Solvay SA (OTCMKTS:SLVYY) Stock Short Interest Falls 52.2%

Solvay SA (OTCMKTS:SLVYY) was the target of a large drop in short interest during the month of September. As of September 15th, there was short interest totaling 21,766 shares, a drop of 52.2% from the August 31st total of 45,564 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average daily volume of 36,770 shares, the short-interest ratio is presently 0.6 days.

Analysts Set New Price Targets

SLVYY has been the subject of a number of recent research reports. Deutsche Bank Aktiengesellschaft raised shares of Solvay from a “sell” rating to a “hold” rating in a research report on Wednesday, June 10th. Zacks Research lowered shares of Solvay from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 31st. Five research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Solvay presently has an average rating of “Reduce”.

Solvay Trading Down 0.4%

Shares of OTCMKTS SLVYY traded down $0.01 during trading on Tuesday, reaching $2.76. The company had a trading volume of 214 shares, compared to its average volume of 33,262. The company’s fifty day moving average price is $2.95 and its 200-day moving average price is $3.00. Solvay has a 12 month low of $2.73 and a 12 month high of $3.38.

About Solvay

Solvay SA is a Belgium-based chemical company that develops and manufactures essential materials and chemical solutions for industrial and consumer applications. Its portfolio includes soda ash, sodium bicarbonate, hydrogen peroxide, silica, specialty chemicals and related products used in areas such as construction, glass manufacturing, water treatment, detergents, pulp and paper, food, agriculture and healthcare.

The company serves customers across a range of industries, including automotive, aerospace, electronics, consumer goods and energy.