Soitec SA (OTCMKTS:SLOIY) Sees Significant Decline in Short Interest

Soitec SA (OTCMKTS:SLOIY – Get Free Report) was the recipient of a large drop in short interest in April. As of April 30th, there was short interest totaling 356 shares, a drop of 98.0% from the April 15th total of 17,385 shares. Based on an average trading volume of 21,043 shares, the days-to-cover ratio is presently 0.0 days.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. Oddo Bhf cut shares of Soitec to a “neutral” rating in a research note on Tuesday, April 28th. Citigroup restated a “sell” rating on shares of Soitec in a research report on Monday, February 9th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Soitec in a research report on Friday, February 6th. One analyst has rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Soitec presently has an average rating of “Hold”.

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Soitec Stock Performance

OTCMKTS:SLOIY traded up $4.21 on Wednesday, hitting $89.94. 1,407 shares of the stock were exchanged, compared to its average volume of 11,466. Soitec has a 52 week low of $13.13 and a 52 week high of $102.62. The company’s 50-day moving average price is $44.29 and its 200 day moving average price is $26.36.

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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