Solvay SA (OTCMKTS:SVYSF – Get Free Report) saw a large decrease in short interest in October. As of October 15th, there was short interest totaling 296,888 shares, a decrease of 40.9% from the September 30th total of 502,280 shares. Based on an average daily trading volume, of 316 shares, the short-interest ratio is presently 939.5 days.
Solvay Trading Up 3.4%
Solvay stock opened at $26.73 on Friday. The stock has a 50-day moving average of $28.38 and a two-hundred day moving average of $30.28. Solvay has a one year low of $25.05 and a one 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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