Short Interest in Solvay SA (OTCMKTS:SLVYY) Increases By 73.8%

Solvay SA (OTCMKTS:SLVYY) saw a significant increase in short interest in July. As of July 31st, there was short interest totaling 5,247 shares, an increase of 73.8% from the July 15th total of 3,019 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily volume of 48,472 shares, the days-to-cover ratio is currently 0.1 days.

Solvay Trading Down 0.3%

SLVYY stock traded down $0.01 during mid-day trading on Monday, reaching $2.99. 3,930 shares of the stock traded hands, compared to its average volume of 35,981. Solvay has a one year low of $2.77 and a one year high of $3.38. The business has a 50-day moving average price of $3.00 and a two-hundred day moving average price of $3.05.

Analysts Set New Price Targets

SLVYY has been the subject of a number of recent research reports. Deutsche Bank Aktiengesellschaft raised shares of Solvay from a “sell” rating to a “hold” rating in a research note on Wednesday, June 10th. Zacks Research cut shares of Solvay from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 31st. Five investment analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, Solvay has a consensus rating of “Reduce”.

Solvay Company Profile

Solvay SA provides advanced materials and specialty chemicals worldwide. It operates through four segments: Materials, Chemicals, Solutions, and Corporate & Business Services. The Materials segment offers specialty polymers, including aromatic polymers, high barrier polymers, and fluoropolymers for the electronics, automotive, aerospace, and healthcare industries; and composite materials for aerospace engineered materials market. The Chemicals segment produces and sells soda ash and sodium bicarbonate primarily to the flat and container glass industries, as well as for use in detergents, pharmaceutical, and feed and food industries; hydrogen peroxide for use primarily in the paper industry to bleach pulp, as well as chemicals, electronics, food, mining, and environment; and dispersible silica for tire manufacturers; and solvent solutions, phenols and derivatives, polyamide derivatives and smart, functional, and sustainable yarns and polymers.