Solvay SA (OTCMKTS:SVYSF – Get Free Report) was the target of a large decrease in short interest in June. As of June 30th, there was short interest totaling 515,448 shares, a decrease of 37.3% from the June 15th total of 821,641 shares. Based on an average daily trading volume, of 768 shares, the short-interest ratio is currently 671.2 days.
Solvay Stock Performance
Solvay stock opened at $30.00 on Friday. The stock’s 50 day moving average price is $30.71 and its 200 day moving average price is $31.14. Solvay has a 1-year low of $27.41 and a 1-year high of $34.70.
About Solvay
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.
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