Soitec SA (OTCMKTS:SLOIY) Short Interest Update

Soitec SA (OTCMKTS:SLOIY) was the target of a significant decline in short interest in the month of August. As of August 14th, there was short interest totaling 1,292 shares, a decline of 32.3% from the July 30th total of 1,909 shares. Based on an average daily trading volume, of 3,961 shares, the short-interest ratio is currently 0.3 days.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the company. UBS Group lowered Soitec from a “neutral” rating to a “sell” rating in a research report on Monday, June 15th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Soitec in a report on Friday, May 15th. Morgan Stanley reissued an “overweight” rating on shares of Soitec in a research note on Tuesday, May 19th. Jefferies Financial Group lowered shares of Soitec from a “hold” rating to an “underperform” rating in a report on Wednesday, June 10th. Finally, Citigroup reaffirmed a “sell” rating on shares of Soitec in a research report on Thursday, August 13th. Two analysts have rated the stock with a Buy rating, one has issued a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Soitec has an average rating of “Reduce”.

Soitec Price Performance

OTCMKTS:SLOIY opened at $66.39 on Tuesday. Soitec has a 1 year low of $13.13 and a 1 year high of $114.37. The business has a fifty day simple moving average of $63.34 and a two-hundred day simple moving average of $57.15.

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.