Soitec SA (OTCMKTS:SLOIY) Short Interest Down 60.0% in June

Soitec SA (OTCMKTS:SLOIY) was the target of a large decrease in short interest in June. As of June 30th, there was short interest totaling 1,001 shares, a decrease of 60.0% from the June 15th total of 2,505 shares. Based on an average daily volume of 11,664 shares, the short-interest ratio is currently 0.1 days.

Analyst Ratings Changes

A number of research analysts have weighed in on SLOIY shares. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Soitec in a report on Friday, May 15th. Oddo Bhf lowered shares of Soitec to a “neutral” rating in a research report on Tuesday, April 28th. Morgan Stanley reaffirmed an “overweight” rating on shares of Soitec in a research note on Tuesday, May 19th. UBS Group lowered shares of Soitec from a “neutral” rating to a “sell” rating in a report on Monday, June 15th. Finally, Jefferies Financial Group cut shares of Soitec from a “hold” rating to an “underperform” rating in a research note on Wednesday, June 10th. Two investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Reduce”.

Soitec Stock Performance

Soitec stock opened at $60.91 on Monday. Soitec has a 52 week low of $13.13 and a 52 week high of $114.37. The business has a 50-day simple moving average of $80.17 and a 200 day simple moving average of $44.71.

Soitec Company Profile

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.