X-FAB Silicon Foundries SE (OTCMKTS:XFABF) Sees Large Increase in Short Interest

X-FAB Silicon Foundries SE (OTCMKTS:XFABF) saw a large growth in short interest in August. As of August 14th, there was short interest totaling 26,678 shares, a growth of 563.3% from the July 30th total of 4,022 shares. Based on an average daily volume of 10,627 shares, the short-interest ratio is currently 2.5 days.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. Sanford C. Bernstein upgraded X-FAB Silicon Foundries from a “market perform” rating to an “outperform” rating in a report on Tuesday, June 23rd. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of X-FAB Silicon Foundries in a research note on Friday, July 10th. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy”.

X-FAB Silicon Foundries Price Performance

OTCMKTS:XFABF opened at $6.80 on Wednesday. The company’s 50 day moving average is $8.25 and its 200-day moving average is $7.63. X-FAB Silicon Foundries has a 12 month low of $5.16 and a 12 month high of $17.05.

About X-FAB Silicon Foundries

-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.