Solvay SA (OTCMKTS:SLVYY – Get Free Report) was the target of a large decrease in short interest during the month of October. As of October 15th, there was short interest totaling 1,950 shares, a decrease of 85.9% from the September 30th total of 13,862 shares. Based on an average daily trading volume, of 55,897 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.0% of the shares of the stock are short sold.
Solvay Price Performance
Shares of SLVYY traded down $0.03 during trading hours on Wednesday, reaching $2.59. The stock had a trading volume of 1,370 shares, compared to its average volume of 32,469. Solvay has a 12 month low of $2.52 and a 12 month high of $3.38. The firm has a 50-day simple moving average of $2.82 and a 200 day simple moving average of $2.99.
Analysts Set New Price Targets
Separately, Zacks Research downgraded Solvay from a “strong-buy” rating to a “hold” rating in a report on Friday, July 31st. Four research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Solvay presently has a consensus rating of “Reduce”.
Check Out Our Latest Analysis on SLVYY
About Solvay
Solvay SA is a Belgian chemical company that develops and manufactures essential and specialty chemicals for industrial and consumer applications. Its portfolio includes soda ash, sodium bicarbonate, hydrogen peroxide, silica and other chemical products used in areas such as glassmaking, detergents, water treatment, food, animal feed, healthcare and agriculture.
The company also supplies materials and chemical solutions for customers in the automotive, aerospace, construction, electronics and consumer goods industries.
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