Soitec SA (OTCMKTS:SLOIY) Stock Short Interest Falls 53.2%

Soitec SA (OTCMKTS:SLOIY) saw a large decline in short interest in October. As of October 15th, there was short interest totaling 213 shares, a decline of 53.2% from the September 30th total of 455 shares. Based on an average daily volume of 2,863 shares, the days-to-cover ratio is presently 0.1 days.

Analyst Ratings Changes

Several equities analysts have issued reports on the company. Oddo Bhf upgraded Soitec from a “neutral” rating to an “outperform” rating in a research report on Thursday, September 3rd. Barclays raised Soitec from an “equal weight” rating to an “overweight” rating in a research note on Friday, September 18th. Finally, Citigroup reissued a “sell” rating on shares of Soitec in a report on Thursday, August 13th. Four investment analysts have rated the stock with a Buy rating and three have issued a Sell rating to the company. According to data from MarketBeat, Soitec currently has a consensus rating of “Hold”.

Soitec Stock Performance

Shares of OTCMKTS SLOIY opened at $74.76 on Friday. Soitec has a one year low of $13.13 and a one year high of $114.37. The company’s fifty day moving average is $76.71 and its two-hundred day moving average is $57.36.

Soitec Company Profile

Soitec is a France-based semiconductor materials company that develops and manufactures engineered substrates used in advanced electronic and microelectronic applications. Its materials are supplied to semiconductor manufacturers and support products in mobile communications, automotive systems, artificial intelligence, consumer electronics, industrial equipment and other markets.

The company is best known for silicon-on-insulator (SOI) wafers, including RF-SOI substrates for radio-frequency components, fully depleted SOI materials for energy-efficient processors and other advanced chips, and power-oriented substrates.