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

Soitec SA (OTCMKTS:SLOIF - Get Free Report) was the recipient of a significant growth in short interest during the month of March. As of March 31st, there was short interest totalling 71,400 shares, a growth of 24.2% from the March 15th total of 57,500 shares. Based on an average daily trading volume, of 600 shares, the short-interest ratio is currently 119.0 days. Approximately 0.2% of the company's stock are short sold.

Soitec Price Performance

OTCMKTS SLOIF remained flat at $48.35 during trading on Thursday. The company has a quick ratio of 3.15, a current ratio of 3.88 and a debt-to-equity ratio of 0.45. Soitec has a 52 week low of $48.35 and a 52 week high of $131.90. The business's fifty day simple moving average is $57.69 and its two-hundred day simple moving average is $74.78.

Soitec Company Profile

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).