Solvay SA (OTCMKTS:SLVYY) Sees Significant Increase in Short Interest

Solvay SA (OTCMKTS:SLVYY) was the recipient of a significant growth in short interest during the month of August. As of August 31st, there was short interest totaling 45,564 shares, a growth of ∞ from the August 15th total of 0 shares. Based on an average daily volume of 39,761 shares, the short-interest ratio is currently 1.1 days. Currently, 0.0% of the shares of the stock are short sold.

Solvay Stock Performance

Shares of OTCMKTS:SLVYY opened at $2.93 on Wednesday. Solvay has a 1-year low of $2.77 and a 1-year high of $3.38. The stock’s fifty day simple moving average is $2.96 and its two-hundred day simple moving average is $3.02.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on SLVYY. Zacks Research cut Solvay from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 31st. Deutsche Bank Aktiengesellschaft upgraded Solvay from a “sell” rating to a “hold” rating in a report on Wednesday, June 10th. Five research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Reduce”.

About Solvay

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.