Solvay SA (OTCMKTS:SLVYY) Stock Short Interest Rises 467.3%

Solvay SA (OTCMKTS:SLVYY) saw a large growth in short interest during the month of October. As of October 30th, there was short interest totaling 11,062 shares, a growth of 467.3% from the October 15th total of 1,950 shares. Based on an average trading volume of 38,525 shares, the short-interest ratio is presently 0.3 days. Approximately 0.0% of the shares of the stock are short sold.

Analyst Ratings Changes

Separately, Zacks Research cut Solvay from a “strong-buy” rating to a “hold” rating in a report on Friday, July 31st. Four analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Solvay presently has an average rating of “Reduce”.

Solvay Price Performance

Shares of Solvay stock traded up $0.02 during trading on Thursday, reaching $2.69. The company’s stock had a trading volume of 12,922 shares, compared to its average volume of 32,386. Solvay has a 52-week low of $2.52 and a 52-week high of $3.38. The firm’s 50-day moving average is $2.75 and its two-hundred day moving average is $2.96.

Solvay Company Profile

Solvay is a Belgium-based chemicals company founded in 1863 by Ernest Solvay. Following the 2023 separation of its specialty businesses into Syensqo, Solvay focuses on essential chemicals and materials used by industrial and consumer-product manufacturers. The company produces soda ash and sodium bicarbonate, hydrogen peroxide, silica, and other chemical products. These materials serve applications including glassmaking, detergents, food and pharmaceuticals, automotive manufacturing, and water treatment.