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

Soitec SA (OTCMKTS:SLOIF - Get Free Report) was the target 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. Approximately 0.2% of the shares of the company are sold short. Based on an average daily volume of 600 shares, the short-interest ratio is currently 119.0 days.

Soitec Stock Performance

Shares of Soitec stock remained flat at $48.35 during trading hours on Friday. Soitec has a 12-month low of $48.35 and a 12-month high of $131.90. The company has a debt-to-equity ratio of 0.45, a current ratio of 3.88 and a quick ratio of 3.15. The firm's fifty day moving average is $57.45 and its 200-day moving average is $74.46.

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).