Solvay SA (OTCMKTS:SVYSF – Get Free Report) was the target of a significant drop in short interest in June. As of June 30th, there was short interest totaling 515,448 shares, a drop of 37.3% from the June 15th total of 821,641 shares. Based on an average daily trading volume, of 768 shares, the days-to-cover ratio is currently 671.2 days.
Solvay Stock Performance
Solvay stock opened at $30.00 on Friday. Solvay has a 52 week low of $27.41 and a 52 week high of $34.70. The firm’s 50-day simple moving average is $30.71 and its 200 day simple moving average is $31.14.
Solvay Company Profile
Founded in 1863 by Ernest and Alfred Solvay, the firm initially gained prominence for its development of an innovative ammonia-soda process for soda ash production. Following the spinoff of its Specialty Chemicals business Syensqo in December 2023, Solvay SA is focused on providing chemical products and intermediates to customers in a broad range of consumer and industrial end-markets. Solvay’s current portfolio is operated through five divisions: Soda Ash and Derivatives, Peroxides, Silica, Special Chem and Coatis.
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