Soitec SA (OTCMKTS:SLOIY) Short Interest Update

Soitec SA (OTCMKTS:SLOIY) saw a significant increase in short interest in May. As of May 15th, there was short interest totaling 7,155 shares, an increase of 1,909.8% from the April 30th total of 356 shares. Based on an average daily trading volume, of 28,907 shares, the short-interest ratio is currently 0.2 days.

Analysts Set New Price Targets

A number of brokerages recently weighed in on SLOIY. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Soitec in a report on Friday, May 15th. Morgan Stanley reaffirmed an “overweight” rating on shares of Soitec in a report on Tuesday, May 19th. Oddo Bhf cut shares of Soitec to a “neutral” rating in a research report on Tuesday, April 28th. Finally, Citigroup reissued a “sell” rating on shares of Soitec in a research report on Monday, February 9th. Two research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Hold”.

Soitec Trading Down 8.2%

OTCMKTS:SLOIY traded down $9.28 on Friday, hitting $103.72. 7,033 shares of the company’s stock were exchanged, compared to its average volume of 11,120. The firm has a 50-day moving average price of $60.77 and a 200-day moving average price of $32.30. Soitec has a 52 week low of $13.13 and a 52 week high of $114.37.

About Soitec

Soitec is a France-based technology company specializing in the design and manufacture of advanced semiconductor materials. The company pioneered Smart Cut™ technology, which enables the production of Silicon-On-Insulator (SOI) wafers and other engineered substrates with superior electrical and thermal properties. Founded in 1992 as a spin-off from the French Atomic Energy Commission (CEA), Soitec has grown into a leading supplier of high-performance materials for the global electronics industry.

Soitec’s product portfolio includes RF-SOI substrates for 5G and mobile communications, Power-SOI for energy-efficient power management, and FD-SOI for ultra-low-power applications in IoT and automotive markets.