Siltronic AG (OTCMKTS:SSLLF) Short Interest Up 53.4% in July

Siltronic AG (OTCMKTS:SSLLF) was the target of a significant increase in short interest in July. As of July 31st, there was short interest totaling 47,548 shares, an increase of 53.4% from the July 15th total of 30,998 shares. Based on an average trading volume of 218 shares, the days-to-cover ratio is presently 218.1 days.

Wall Street Analyst Weigh In

SSLLF has been the topic of several analyst reports. DZ Bank upgraded Siltronic from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 30th. BNP Paribas Exane upgraded shares of Siltronic to an “outperform” rating in a research note on Thursday, July 9th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Siltronic in a research note on Wednesday, May 6th. Citigroup reissued a “neutral” rating on shares of Siltronic in a report on Monday, June 1st. Finally, Oddo Bhf downgraded shares of Siltronic to an “underperform” rating in a research report on Monday, May 4th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy”.

Siltronic Price Performance

Shares of OTCMKTS:SSLLF opened at $88.40 on Tuesday. Siltronic has a 1-year low of $49.09 and a 1-year high of $122.95. The company’s fifty day moving average is $98.07 and its two-hundred day moving average is $84.36.

Siltronic Company Profile

Siltronic AG is a Germany‐based manufacturer specializing in the production of hyperpure silicon wafers for the semiconductor industry. These wafers serve as the foundational substrate for a wide array of electronic devices, including integrated circuits, discrete power components and sensor technologies. Headquartered in Munich, Siltronic’s wafers are a critical input used by chipmakers worldwide to fabricate advanced microelectronic components for consumer electronics, automotive systems and industrial applications.

The origins of Siltronic trace back to its establishment as a spin-off from Siemens’ semiconductor materials division in 2001.