Soitec SA (OTCMKTS:SLOIY – Get Free Report) saw a large drop in short interest in the month of October. As of October 15th, there was short interest totaling 213 shares, a drop of 53.2% from the September 30th total of 455 shares. Based on an average trading volume of 2,863 shares, the short-interest ratio is currently 0.1 days.
Soitec Stock Up 15.0%
Shares of OTCMKTS SLOIY opened at $74.76 on Friday. Soitec has a 12-month low of $13.13 and a 12-month high of $114.37. The firm’s 50-day moving average is $76.71 and its two-hundred day moving average is $57.36.
Analyst Ratings Changes
Several equities analysts recently weighed in on SLOIY shares. Oddo Bhf raised Soitec from a “neutral” rating to an “outperform” rating in a research note on Thursday, September 3rd. Citigroup restated a “sell” rating on shares of Soitec in a research report on Thursday, August 13th. Finally, Barclays upgraded Soitec from an “equal weight” rating to an “overweight” rating in a research report on Friday, September 18th. Four investment analysts have rated the stock with a Buy rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, Soitec presently has a consensus rating of “Hold”.
Read Our Latest Report on SLOIY
About Soitec
Soitec is a France-based semiconductor materials company that develops and manufactures engineered substrates used in advanced electronic and microelectronic applications. Its materials are supplied to semiconductor manufacturers and support products in mobile communications, automotive systems, artificial intelligence, consumer electronics, industrial equipment and other markets.
The company is best known for silicon-on-insulator (SOI) wafers, including RF-SOI substrates for radio-frequency components, fully depleted SOI materials for energy-efficient processors and other advanced chips, and power-oriented substrates.
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