Soitec SA (OTCMKTS:SLOIY) Short Interest Down 84.7% in May

Soitec SA (OTCMKTS:SLOIY) was the recipient of a large decrease in short interest in May. As of May 29th, there was short interest totaling 1,095 shares, a decrease of 84.7% from the May 14th total of 7,155 shares. Based on an average daily volume of 15,798 shares, the short-interest ratio is presently 0.1 days.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. Oddo Bhf downgraded shares of Soitec to a “neutral” rating in a report on Tuesday, April 28th. Morgan Stanley reissued an “overweight” rating on shares of Soitec in a research note on Tuesday, May 19th. Jefferies Financial Group downgraded shares of Soitec from a “hold” rating to an “underperform” rating in a research note on Wednesday. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Soitec in a research note on Friday, May 15th. Two investment analysts have rated the stock with a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold”.

Soitec Trading Up 6.7%

SLOIY opened at $76.28 on Friday. Soitec has a twelve month low of $13.13 and a twelve month high of $114.37. The company has a fifty day moving average of $71.89 and a 200-day moving average of $36.85.

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.