Soitec SA (OTCMKTS:SLOIF) Short Interest Up 30.4% in August

Soitec SA (OTCMKTS:SLOIF) was the target of a significant growth in short interest in the month of August. As of August 15th, there was short interest totalling 12,000 shares, a growth of 30.4% from the July 31st total of 9,200 shares. Based on an average trading volume of 0 shares, the days-to-cover ratio is presently ∞ days.

Analysts Set New Price Targets

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

Soitec Stock Performance

Soitec stock remained flat at $118.10 during mid-day trading on Friday. The stock has a fifty day moving average of $122.64 and a 200 day moving average of $119.27. Soitec has a fifty-two week low of $96.95 and a fifty-two week high of $180.20. The company has a quick ratio of 2.81, a current ratio of 3.28 and a debt-to-equity ratio of 0.45.

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).