Short Interest in X-FAB Silicon Foundries SE (OTCMKTS:XFABF) Declines By 89.4%

X-FAB Silicon Foundries SE (OTCMKTS:XFABF) was the target of a large decline in short interest in April. As of April 30th, there was short interest totaling 5,680 shares, a decline of 89.4% from the April 15th total of 53,809 shares. Based on an average trading volume of 8,078 shares, the days-to-cover ratio is presently 0.7 days.

X-FAB Silicon Foundries Price Performance

Shares of OTCMKTS:XFABF opened at $7.75 on Tuesday. The company’s 50-day moving average price is $6.12 and its two-hundred day moving average price is $6.03. X-FAB Silicon Foundries has a one year low of $5.16 and a one year high of $8.60.

Wall Street Analysts Forecast Growth

XFABF has been the topic of several research reports. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of X-FAB Silicon Foundries in a research report on Monday, February 9th. Sanford C. Bernstein began coverage on shares of X-FAB Silicon Foundries in a research report on Wednesday, January 14th. They issued a “market perform” rating on the stock. Two research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock has an average rating of “Hold”.

X-FAB Silicon Foundries Company Profile

-FAB Silicon Foundries SE operates as an analog/mixed-signal semiconductor technology foundry. The company manufactures silicon wafers for automotive, industrial, consumer, medical, and mobile communications, and other applications; and analog/mixed-signal integrated circuits, sensors, and micro-electro-mechanical systems. It provides manufacturing and design support services for customers that design analog/mixed-signal integrated circuits and other semiconductor devices, as well as engineering and prototyping, outsourcing, technical, and design support services.