Siltronic AG (OTCMKTS:SSLLF – Get Free Report) was the target of a large growth in short interest in July. As of July 31st, there was short interest totaling 47,548 shares, a growth of 53.4% from the July 15th total of 30,998 shares. Based on an average daily trading volume, of 218 shares, the days-to-cover ratio is presently 218.1 days.
Wall Street Analyst Weigh In
A number of equities research analysts have recently issued reports on the stock. Oddo Bhf downgraded shares of Siltronic to an “underperform” rating in a report on Monday, May 4th. Jefferies Financial Group reiterated a “buy” rating on shares of Siltronic in a research note on Thursday, July 30th. BNP Paribas Exane upgraded shares of Siltronic to an “outperform” rating in a research report on Thursday, July 9th. Citigroup reiterated a “neutral” rating on shares of Siltronic in a research report on Monday, June 1st. Finally, DZ Bank upgraded Siltronic from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 30th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Siltronic currently has an average rating of “Moderate Buy”.
Read Our Latest Stock Report on Siltronic
Siltronic Stock Performance
About Siltronic
Siltronic AG is a Germany‐based manufacturer specializing in the production of hyperpure silicon wafers for the semiconductor industry. These wafers serve as the foundational substrate for a wide array of electronic devices, including integrated circuits, discrete power components and sensor technologies. Headquartered in Munich, Siltronic’s wafers are a critical input used by chipmakers worldwide to fabricate advanced microelectronic components for consumer electronics, automotive systems and industrial applications.
The origins of Siltronic trace back to its establishment as a spin-off from Siemens’ semiconductor materials division in 2001.
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