Short Interest in Soitec SA (OTCMKTS:SLOIF) Declines By 12.7%

Soitec SA (OTCMKTS:SLOIF - Get Free Report) was the target of a large decline in short interest in May. As of May 15th, there was short interest totalling 44,500 shares, a decline of 12.7% from the April 30th total of 51,000 shares. Approximately 0.1% of the shares of the stock are short sold. Based on an average trading volume of 0 shares, the days-to-cover ratio is presently ∞ days.

Soitec Price Performance

Shares of SLOIF traded down $2.13 on Friday, hitting $53.67. The company's stock had a trading volume of 1 shares, compared to its average volume of 350. 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 fifty-two week low of $48.35 and a fifty-two week high of $131.90. The company has a 50 day moving average price of $50.50 and a 200 day moving average price of $66.78.

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).