Soitec SA (OTCMKTS:SLOIY) Short Interest Down 84.7% in May

Soitec SA (OTCMKTS:SLOIY) was the recipient of a large decline in short interest during the month of May. As of May 29th, there was short interest totaling 1,095 shares, a decline of 84.7% from the May 14th total of 7,155 shares. Based on an average trading volume of 15,798 shares, the days-to-cover ratio is presently 0.1 days.

Analyst Ratings Changes

A number of research firms have issued reports on SLOIY. Jefferies Financial Group downgraded shares of Soitec from a “hold” rating to an “underperform” rating in a report on Wednesday. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Soitec in a report on Friday, May 15th. Oddo Bhf downgraded shares of Soitec to a “neutral” rating in a report on Tuesday, April 28th. Finally, Morgan Stanley reissued an “overweight” rating on shares of Soitec in a report on Tuesday, May 19th. Two research analysts have rated the stock with a Buy rating, three have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold”.

Soitec Price Performance

Shares of OTCMKTS:SLOIY traded up $3.17 during midday trading on Thursday, reaching $74.67. The company had a trading volume of 466 shares, compared to its average volume of 10,893. The company’s 50 day moving average price is $70.97 and its 200 day moving average price is $36.40. Soitec has a 52-week low of $13.13 and a 52-week high of $114.37.

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.