Short Interest in X-FAB Silicon Foundries SE (OTCMKTS:XFABF) Decreases By 48.2%

X-FAB Silicon Foundries SE (OTCMKTS:XFABF) was the target of a large decline in short interest in July. As of July 31st, there was short interest totaling 4,022 shares, a decline of 48.2% from the July 15th total of 7,760 shares. Based on an average daily trading volume, of 5,684 shares, the short-interest ratio is presently 0.7 days.

Wall Street Analyst Weigh In

Several research firms have weighed in on XFABF. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of X-FAB Silicon Foundries in a report on Friday, July 10th. Sanford C. Bernstein upgraded shares of X-FAB Silicon Foundries from a “market perform” rating to an “outperform” rating in a report on Tuesday, June 23rd. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy”.

X-FAB Silicon Foundries Price Performance

Shares of X-FAB Silicon Foundries stock opened at $8.40 on Monday. X-FAB Silicon Foundries has a fifty-two week low of $5.16 and a fifty-two week high of $17.05. The business’s fifty day moving average is $8.83 and its two-hundred day moving average is $7.59.

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.