X-FAB Silicon Foundries SE (OTCMKTS:XFABF) Short Interest Up 153.5% in June

X-FAB Silicon Foundries SE (OTCMKTS:XFABF) saw a significant increase in short interest in the month of June. As of June 15th, there was short interest totaling 71,582 shares, an increase of 153.5% from the May 31st total of 28,242 shares. Based on an average daily volume of 34,423 shares, the short-interest ratio is presently 2.1 days.

X-FAB Silicon Foundries Stock Performance

X-FAB Silicon Foundries stock opened at $9.85 on Monday. X-FAB Silicon Foundries has a twelve month low of $5.16 and a twelve month high of $17.05. The company has a 50 day moving average of $9.64 and a 200-day moving average of $7.14.

Analysts Set New Price Targets

Separately, Sanford C. Bernstein raised X-FAB Silicon Foundries from a “market perform” rating to an “outperform” rating in a research note on Tuesday, June 23rd. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, X-FAB Silicon Foundries has a consensus rating of “Moderate Buy”.

X-FAB Silicon Foundries Company Profile

-FAB Silicon Foundries SE operates as an analog/mixed-signal semiconductor technology foundry. The company manufactures silicon wafers for automotive, industrial, consumer, medical, and mobile communications, and other applications; and analog/mixed-signal integrated circuits, sensors, and micro-electro-mechanical systems. It provides manufacturing and design support services for customers that design analog/mixed-signal integrated circuits and other semiconductor devices, as well as engineering and prototyping, outsourcing, technical, and design support services.