X-FAB Silicon Foundries SE (OTCMKTS:XFABF) Sees Large Growth in Short Interest

X-FAB Silicon Foundries SE (OTCMKTS:XFABF) saw a significant increase in short interest in August. As of August 14th, there was short interest totaling 26,678 shares, an increase of 563.3% from the July 30th total of 4,022 shares. Based on an average daily trading volume, of 10,627 shares, the short-interest ratio is currently 2.5 days.

X-FAB Silicon Foundries Stock Up 2.9%

OTCMKTS XFABF opened at $7.00 on Thursday. X-FAB Silicon Foundries has a 52 week low of $5.16 and a 52 week high of $17.05. The company has a 50-day moving average price of $8.16 and a 200-day moving average price of $7.64.

Analysts Set New Price Targets

A number of brokerages have recently commented 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 raised shares of X-FAB Silicon Foundries from a “market perform” rating to an “outperform” rating in a research report on Tuesday, June 23rd. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, X-FAB Silicon Foundries has an average rating of “Moderate Buy”.

About X-FAB Silicon Foundries

-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.