Solstice Advanced Mat (NASDAQ:SOLS) Shares Shorted: Short Interest Down 48.3% in September

Key Points

• Short interest fell 48.3% to 5.20 million shares as of September 15, representing about 3.3% of outstanding shares and 2.3 days of average trading volume.
• Institutional investors established major positions, including State Street’s approximately $448.6 million stake and Bank of America’s roughly $153.6 million investment.
• Solstice Advanced Materials beat quarterly EPS estimates, reporting $0.88 versus the $0.79 consensus. Analysts maintain a “Moderate Buy” consensus with an average price target of $79.11, while the company guides for fiscal 2026 EPS of $2.75–$2.95.

Solstice Advanced Mat (NASDAQ:SOLS - Get Free Report) saw a significant decrease in short interest in the month of September. As of September 15th, there was short interest totaling 5,196,524 shares, a decrease of 48.3% from the August 31st total of 10,051,990 shares. Based on an average trading volume of 2,254,569 shares, the short-interest ratio is presently 2.3 days. Approximately 3.3% of the shares of the company are short sold.

Institutional Investors Weigh In On Solstice Advanced Mat

Hedge funds have recently made changes to their positions in the company. State Street Corp bought a new position in Solstice Advanced Mat during the 2nd quarter worth approximately $448,557,000. Bank of America Corp DE acquired a new position in Solstice Advanced Mat in the 2nd quarter worth $153,615,000. Madison Avenue Partners LP bought a new position in shares of Solstice Advanced Mat during the fourth quarter worth about $135,172,000. Norges Bank bought a new position in shares of Solstice Advanced Mat during the fourth quarter worth about $128,368,000. Finally, Geode Capital Management LLC acquired a new stake in Solstice Advanced Mat in the 4th quarter valued at approximately $110,395,000.

Solstice Advanced Mat Trading Up 0.5%

Solstice Advanced Mat stock opened at $56.93 on Tuesday. The business has a 50 day moving average price of $59.86 and a two-hundred day moving average price of $71.89. The company has a quick ratio of 1.08, a current ratio of 1.46 and a debt-to-equity ratio of 1.30. The stock has a market cap of $9.04 billion and a price-to-earnings ratio of 32.16. Solstice Advanced Mat has a 12 month low of $40.43 and a 12 month high of $90.80.

Solstice Advanced Mat (NASDAQ:SOLS - Get Free Report) last released its quarterly earnings data on Thursday, July 30th. The company reported $0.88 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.79 by $0.09. The business had revenue of $1.15 billion for the quarter. Solstice Advanced Mat had a return on equity of 14.28% and a net margin of 5.13%.Solstice Advanced Mat has set its FY 2026 guidance at 2.750-2.950 EPS. As a group, equities analysts forecast that Solstice Advanced Mat will post 2.88 EPS for the current year.

Solstice Advanced Mat Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 10th. Investors of record on Thursday, August 27th were given a $0.0750 dividend. This represents a $0.30 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend was Thursday, August 27th. Solstice Advanced Mat's dividend payout ratio is 16.95%.

Analyst Ratings Changes

Several equities analysts recently weighed in on SOLS shares. UBS Group boosted their price objective on Solstice Advanced Mat from $78.00 to $80.00 and gave the stock a "buy" rating in a research report on Friday, July 31st. Weiss Ratings raised Solstice Advanced Mat from a "hold (c-)" rating to a "hold (c)" rating in a report on Tuesday, July 21st. BMO Capital Markets dropped their price target on Solstice Advanced Mat from $101.00 to $90.00 and set an "outperform" rating on the stock in a research report on Thursday, July 16th. Truist Financial set a $75.00 price target on Solstice Advanced Mat and gave the stock a "buy" rating in a report on Thursday, July 9th. Finally, TD Cowen started coverage on Solstice Advanced Mat in a research report on Monday, June 8th. They issued a "hold" rating and a $90.00 price objective for the company. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and three have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, Solstice Advanced Mat currently has an average rating of "Moderate Buy" and a consensus target price of $79.11.

About Solstice Advanced Mat

Solstice Advanced Materials, Inc NASDAQ: SOLS is an advanced materials company that develops and manufactures specialty chemicals and performance materials for industrial and commercial applications. The company focuses on solutions designed to support energy efficiency, lower environmental impact and improved product performance.

Its portfolio includes Solstice-branded low-global-warming-potential refrigerants, aerosol propellants and blowing agents, as well as specialty materials such as fluoropolymers and other performance chemicals.

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