Solvay SA (OTCMKTS:SLVYY) Short Interest Update

Solvay SA (OTCMKTS:SLVYY) was the recipient of a significant drop in short interest in May. As of May 29th, there was short interest totaling 2,335 shares, a drop of 81.1% from the May 14th total of 12,348 shares. Based on an average daily volume of 26,759 shares, the days-to-cover ratio is presently 0.1 days.

Solvay Stock Up 1.5%

OTCMKTS SLVYY traded up $0.05 on Wednesday, hitting $2.98. 7,503 shares of the stock were exchanged, compared to its average volume of 44,263. The stock has a fifty day moving average price of $3.08 and a two-hundred day moving average price of $3.09. Solvay has a 52-week low of $2.77 and a 52-week high of $3.52.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. Deutsche Bank Aktiengesellschaft raised shares of Solvay from a “sell” rating to a “hold” rating in a report on Wednesday. Oddo Bhf lowered shares of Solvay to a “neutral” rating in a report on Tuesday, February 17th. Finally, Barclays reissued an “underweight” rating on shares of Solvay in a report on Wednesday, February 25th. Four analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, Solvay has an average rating of “Reduce”.

About Solvay

Solvay SA provides advanced materials and specialty chemicals worldwide. It operates through four segments: Materials, Chemicals, Solutions, and Corporate & Business Services. The Materials segment offers specialty polymers, including aromatic polymers, high barrier polymers, and fluoropolymers for the electronics, automotive, aerospace, and healthcare industries; and composite materials for aerospace engineered materials market. The Chemicals segment produces and sells soda ash and sodium bicarbonate primarily to the flat and container glass industries, as well as for use in detergents, pharmaceutical, and feed and food industries; hydrogen peroxide for use primarily in the paper industry to bleach pulp, as well as chemicals, electronics, food, mining, and environment; and dispersible silica for tire manufacturers; and solvent solutions, phenols and derivatives, polyamide derivatives and smart, functional, and sustainable yarns and polymers.