Soitec SA (OTCMKTS:SLOIF) Sees Large Drop in Short Interest

Soitec SA (OTCMKTS:SLOIF) was the target of a significant decline in short interest in the month of April. As of April 30th, there was short interest totaling 43,217 shares, a decline of 43.1% from the April 15th total of 75,957 shares. Based on an average daily trading volume, of 59,280 shares, the short-interest ratio is presently 0.7 days. Currently, 0.1% of the shares of the company are sold short.

Soitec Stock Down 5.3%

OTCMKTS:SLOIF opened at $163.43 on Tuesday. The company has a current ratio of 2.39, a quick ratio of 1.85 and a debt-to-equity ratio of 0.36. The firm has a fifty day simple moving average of $100.40 and a 200-day simple moving average of $59.00. Soitec has a 12 month low of $24.57 and a 12 month high of $207.43.

Soitec Company Profile

Soitec is a France‐based semiconductor materials company specializing in the design and manufacture of engineered substrates for the microelectronics industry. Its core technology, known as Smart Cut®, enables the production of high-performance wafers such as silicon-on-insulator (SOI), gallium nitride-on-insulator (GaN-OI) and other advanced material platforms. These substrates are used by semiconductor manufacturers to improve device performance, reduce power consumption and integrate new functions in applications ranging from mobile devices to data centers.

The company’s product portfolio includes a variety of engineered wafers tailored for radio frequency (RF) applications, power management, and photonics.