Solvay SA (OTCMKTS:SLVYY) Sees Large Growth in Short Interest

Solvay SA (OTCMKTS:SLVYY) was the target of a significant increase in short interest in the month of May. As of May 15th, there was short interest totaling 12,348 shares, an increase of 9,254.5% from the April 30th total of 132 shares. Based on an average daily trading volume, of 53,577 shares, the short-interest ratio is currently 0.2 days.

Analyst Upgrades and Downgrades

SLVYY has been the subject of a number of research analyst reports. Barclays reiterated an “underweight” rating on shares of Solvay in a research report on Wednesday, February 25th. Oddo Bhf downgraded Solvay to a “neutral” rating in a research report on Tuesday, February 17th. Three research analysts have rated the stock with a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Reduce”.

Solvay Stock Down 0.2%

OTCMKTS SLVYY opened at $2.98 on Thursday. Solvay has a 1-year low of $2.77 and a 1-year high of $3.52. The firm’s fifty day simple moving average is $3.07 and its 200-day simple moving average is $3.09.

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.