X-FAB Silicon Foundries SE (OTCMKTS:XFABF – Get Free Report) was the recipient of a large drop in short interest in May. As of May 15th, there was short interest totaling 1,180 shares, a drop of 79.2% from the April 30th total of 5,680 shares. Based on an average daily trading volume, of 3,736 shares, the days-to-cover ratio is presently 0.3 days.
X-FAB Silicon Foundries Stock Down 6.7%
Shares of X-FAB Silicon Foundries stock opened at $14.00 on Friday. X-FAB Silicon Foundries has a twelve month low of $5.16 and a twelve month high of $17.05. The firm’s 50-day moving average price is $7.03 and its 200 day moving average price is $6.23.
Analysts Set New Price Targets
Separately, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of X-FAB Silicon Foundries in a research note on Monday, February 9th. Two research analysts have rated the stock with a Hold rating, According to MarketBeat, the company presently has an average rating of “Hold”.
X-FAB Silicon Foundries Company Profile
-FAB Silicon Foundries SE operates as an analog/mixed-signal semiconductor technology foundry. The company manufactures silicon wafers for automotive, industrial, consumer, medical, and mobile communications, and other applications; and analog/mixed-signal integrated circuits, sensors, and micro-electro-mechanical systems. It provides manufacturing and design support services for customers that design analog/mixed-signal integrated circuits and other semiconductor devices, as well as engineering and prototyping, outsourcing, technical, and design support services.
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