Short Interest in Soitec SA (OTCMKTS:SLOIF) Declines By 26.0%

Soitec SA (OTCMKTS:SLOIF) was the recipient of a large decrease in short interest during the month of July. As of July 15th, there was short interest totalling 12,500 shares, a decrease of 26.0% from the June 30th total of 16,900 shares. Based on an average daily volume of 100 shares, the days-to-cover ratio is currently 125.0 days.

Analyst Upgrades and Downgrades

Separately, New Street Research upgraded shares of Soitec to a “strong-buy” rating in a research report on Friday, May 24th.

Soitec Stock Performance

Soitec stock remained flat at $131.90 during trading hours on Monday. The firm’s fifty day moving average price is $109.32 and its 200-day moving average price is $122.97. Soitec has a 1-year low of $96.95 and a 1-year high of $180.20. The company has a current ratio of 3.28, a quick ratio of 2.81 and a debt-to-equity ratio of 0.45.

Soitec Company Profile

Soitec SA designs and manufactures semiconductor materials worldwide. Its products are used to manufacture chips that are used in smart phones, tablets, computers, IT servers, and data centers, as well as electronic components in cars, connected devices, and industrial and medical equipment. It offers Fully Depleted Silicon-On-Insulator (FD-SOI) for automotive radar and processors, and PD-SOI and FinFET-SOI products for high-performance computing markets.