Solvay SA (OTCMKTS:SLVYY – Get Free Report) was the recipient of a significant growth in short interest during the month of August. As of August 31st, there was short interest totaling 45,564 shares, a growth of ∞ from the August 15th total of 0 shares. Based on an average daily volume of 39,761 shares, the days-to-cover ratio is currently 1.1 days. Currently, 0.0% of the company’s shares are short sold.
Solvay Price Performance
OTCMKTS SLVYY opened at $2.94 on Tuesday. Solvay has a 1 year low of $2.77 and a 1 year high of $3.38. The business’s 50-day moving average is $2.96 and its 200 day moving average is $3.02.
Wall Street Analysts Forecast Growth
Several research analysts have recently issued reports on SLVYY shares. Deutsche Bank Aktiengesellschaft upgraded shares of Solvay from a “sell” rating to a “hold” rating in a report on Wednesday, June 10th. Zacks Research lowered shares of Solvay from a “strong-buy” rating to a “hold” rating in a report on Friday, July 31st. Five research analysts have rated the stock with a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, Solvay has a consensus rating of “Reduce”.
About Solvay
Solvay SA is a Belgium-based chemical company that develops and manufactures essential materials and chemical solutions for industrial and consumer applications. Its portfolio includes soda ash, sodium bicarbonate, hydrogen peroxide, silica, specialty chemicals and related products used in areas such as construction, glass manufacturing, water treatment, detergents, pulp and paper, food, agriculture and healthcare.
The company serves customers across a range of industries, including automotive, aerospace, electronics, consumer goods and energy.
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