X-FAB Silicon Foundries SE (OTCMKTS:XFABF) Shares Shorted: Short Interest Up 88.8% in September

X-FAB Silicon Foundries SE (OTCMKTS:XFABF) saw a large increase in short interest during the month of September. As of September 15th, there was short interest totaling 171,145 shares, an increase of 88.8% from the August 31st total of 90,641 shares. Based on an average trading volume of 858 shares, the days-to-cover ratio is currently 199.5 days.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of X-FAB Silicon Foundries in a research report on Friday, July 10th. 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. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy”.

X-FAB Silicon Foundries Stock Performance

Shares of OTCMKTS:XFABF opened at $7.20 on Wednesday. X-FAB Silicon Foundries has a 12 month low of $5.16 and a 12 month high of $17.05. The company’s fifty day simple moving average is $7.08 and its 200 day simple moving average is $7.89.

About X-FAB Silicon Foundries

X-FAB Silicon Foundries SE is a semiconductor manufacturing company that provides specialty foundry services to fabless chip designers and integrated device manufacturers. Rather than selling branded end products, the company manufactures customer-designed semiconductor components using its production technologies and supports customers from initial design through volume production.

The company specializes in analog and mixed-signal semiconductor technologies, including high-voltage, automotive, silicon carbide and silicon-on-insulator processes.