Solvay SA (OTCMKTS:SLVYY – Get Free Report) was the recipient of a significant decline in short interest in the month of September. As of September 15th, there was short interest totaling 21,766 shares, a decline of 52.2% from the August 31st total of 45,564 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily volume of 36,770 shares, the days-to-cover ratio is currently 0.6 days.
Solvay Stock Down 0.7%
Shares of Solvay stock traded down $0.02 during trading on Wednesday, hitting $2.75. 118 shares of the stock were exchanged, compared to its average volume of 33,273. Solvay has a 12 month low of $2.72 and a 12 month high of $3.38. The stock’s fifty day moving average is $2.94 and its 200 day moving average is $3.00.
Analysts Set New Price Targets
A number of brokerages have weighed in on SLVYY. Zacks Research cut shares of Solvay from a “strong-buy” rating to a “hold” rating in a report on Friday, July 31st. Deutsche Bank Aktiengesellschaft raised shares of Solvay from a “sell” rating to a “hold” rating in a report on Wednesday, June 10th. Four investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Reduce”.
Solvay Company Profile
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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