Soitec SA (OTCMKTS:SLOIF) Sees Significant Drop in Short Interest

Soitec SA (OTCMKTS:SLOIF) was the target of a large decline in short interest in April. As of April 15th, there was short interest totalling 51,700 shares, a decline of 27.6% from the March 31st total of 71,400 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 200 shares, the days-to-cover ratio is presently 258.5 days.

Soitec Price Performance

Shares of Soitec stock opened at $48.35 on Friday. The company’s 50-day moving average price is $56.04 and its 200-day moving average price is $72.67. The company has a debt-to-equity ratio of 0.45, a current ratio of 3.88 and a quick ratio of 3.15. Soitec has a 12-month low of $48.35 and a 12-month high of $131.90.

About Soitec

Soitec SA designs and manufactures semiconductor materials worldwide. Its products are used to manufacture chips that are used in smart phones, tablets, computers, IT servers, and data centers, as well as electronic components in cars, connected devices, and industrial and medical equipment. It provides CONNECT Radio Frequency Silicon-on-Insulator (RF-SOI) for smartphone front-end modules; CONNECT Piezoelectric-on-Insulator RF filters for smartphone; and CONNECT RF gallium nitride for 5g infrastructure base stations and smartphones, as well as CONNECT Fully Depleted Silicon-On-Insulator (FD-SOI).