X-FAB Silicon Foundries SE (OTCMKTS:XFABF) Short Interest Down 92.3% in June

X-FAB Silicon Foundries SE (OTCMKTS:XFABF) saw a large decrease in short interest in the month of June. As of June 30th, there was short interest totaling 5,520 shares, a decrease of 92.3% from the June 15th total of 71,582 shares. Based on an average daily trading volume, of 9,183 shares, the short-interest ratio is presently 0.6 days.

X-FAB Silicon Foundries Price Performance

XFABF stock remained flat at $8.70 during trading on Friday. 407 shares of the company traded hands, compared to its average volume of 7,379. X-FAB Silicon Foundries has a 52 week low of $5.16 and a 52 week high of $17.05. The firm has a 50-day moving average of $9.87 and a 200 day moving average of $7.31.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on XFABF. Sanford C. Bernstein raised shares of X-FAB Silicon Foundries from a “market perform” rating to an “outperform” rating in a research note on Tuesday, June 23rd. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of X-FAB Silicon Foundries in a research report on Friday. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, X-FAB Silicon Foundries has an average rating of “Moderate Buy”.

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.