Soitec SA (OTCMKTS:SLOIF) Short Interest Up 37.2% in June

Soitec SA (OTCMKTS:SLOIF) was the target of a significant growth in short interest in the month of June. As of June 15th, there was short interest totalling 16,600 shares, a growth of 37.2% from the May 31st total of 12,100 shares. Based on an average trading volume of 0 shares, the days-to-cover ratio is currently ∞ days.

Analyst Ratings Changes

Separately, New Street Research raised Soitec to a “strong-buy” rating in a research report on Friday, May 24th.

Soitec Price Performance

Shares of Soitec stock remained flat at $103.60 during trading hours on Friday. Soitec has a twelve month low of $96.95 and a twelve month high of $180.20. The firm has a 50-day moving average price of $102.30 and a 200 day moving average price of $132.00. The company has a debt-to-equity ratio of 0.44, a quick ratio of 2.89 and a current ratio of 3.64.

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 offers Fully Depleted Silicon-On-Insulator (FD-SOI) for automotive radar and processors, and PD-SOI and FinFET-SOI products for high-performance computing markets.