Soitec SA (OTCMKTS:SLOIY) Short Interest Up 128.8% in June

Soitec SA (OTCMKTS:SLOIY – Get Free Report) saw a large increase in short interest during the month of June. As of June 15th, there was short interest totaling 2,505 shares, an increase of 128.8% from the May 31st total of 1,095 shares. Based on an average daily trading volume, of 16,072 shares, the days-to-cover ratio is currently 0.2 days.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. Morgan Stanley reiterated an “overweight” rating on shares of Soitec in a research note on Tuesday, May 19th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Soitec in a research report on Friday, May 15th. Oddo Bhf cut Soitec to a “neutral” rating in a research report on Tuesday, April 28th. Jefferies Financial Group downgraded Soitec from a “hold” rating to an “underperform” rating in a research note on Wednesday, June 10th. Finally, UBS Group lowered Soitec from a “neutral” rating to a “sell” rating in a report on Monday, June 15th. Two equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, Soitec has an average rating of “Reduce”.

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Soitec Price Performance

SLOIY opened at $67.05 on Wednesday. The business has a fifty day simple moving average of $80.25 and a 200-day simple moving average of $42.00. Soitec has a fifty-two week low of $13.13 and a fifty-two week high of $114.37.

About Soitec

(Get Free Report)

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.

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