Solvay SA (OTCMKTS:SVYSF) Shares Shorted: Short Interest Down 40.9% in October

Solvay SA (OTCMKTS:SVYSF) was the recipient of a large decrease in short interest in the month of October. As of October 15th, there was short interest totaling 296,888 shares, a decrease of 40.9% from the September 30th total of 502,280 shares. Based on an average trading volume of 316 shares, the short-interest ratio is currently 939.5 days.

Solvay Stock Performance

Shares of SVYSF stock opened at $26.73 on Friday. The business has a fifty day moving average of $28.38 and a 200 day moving average of $30.28. Solvay has a 1 year low of $25.05 and a 1 year high of $34.70.

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.