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

Soitec SA (OTCMKTS:SLOIF) was the target of a large growth in short interest in the month of September. As of September 15th, there was short interest totalling 18,700 shares, a growth of 54.5% from the August 31st total of 12,100 shares. Based on an average daily trading volume, of 100 shares, the short-interest ratio is presently 187.0 days.

Soitec Price Performance

Shares of SLOIF stock remained flat at $114.50 during mid-day trading on Friday. The company has a current ratio of 3.28, a quick ratio of 2.81 and a debt-to-equity ratio of 0.45. The business’s fifty day moving average price is $124.35 and its 200-day moving average price is $114.39. Soitec has a 1 year low of $96.95 and a 1 year high of $180.20.

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).