Soitec SA (OTCMKTS:SLOIY) Short Interest Down 32.3% in August

Soitec SA (OTCMKTS:SLOIY) was the target of a significant decline in short interest in August. As of August 14th, there was short interest totaling 1,292 shares, a decline of 32.3% from the July 30th total of 1,909 shares. Based on an average daily volume of 3,961 shares, the days-to-cover ratio is currently 0.3 days.

Soitec Trading Up 11.4%

Shares of Soitec stock opened at $71.06 on Thursday. The business’s fifty day simple moving average is $63.44 and its 200 day simple moving average is $57.84. Soitec has a 12 month low of $13.13 and a 12 month high of $114.37.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the company. UBS Group downgraded Soitec from a “neutral” rating to a “sell” rating in a research note on Monday, June 15th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Soitec in a research note on Friday, May 15th. Citigroup restated a “sell” rating on shares of Soitec in a report on Thursday, August 13th. Jefferies Financial Group cut Soitec from a “hold” rating to an “underperform” rating in a report on Wednesday, June 10th. Finally, Morgan Stanley reissued an “overweight” rating on shares of Soitec in a research report on Tuesday, May 19th. Two analysts have rated the stock with a Buy rating, one has given a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, Soitec has a consensus rating of “Reduce”.

About Soitec

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.