Short Interest in Soitec SA (OTCMKTS:SLOIF) Expands By 24.2%

Soitec SA (OTCMKTS:SLOIF) was the target of a large growth in short interest during the month of March. As of March 15th, there was short interest totalling 57,500 shares, a growth of 24.2% from the February 28th total of 46,300 shares. Approximately 0.2% of the shares of the company are short sold. Based on an average daily volume of 200 shares, the short-interest ratio is presently 287.5 days.

Soitec Stock Performance

Shares of OTCMKTS:SLOIF opened at $56.47 on Wednesday. The business has a 50 day moving average price of $66.48 and a 200 day moving average price of $81.34. The company has a debt-to-equity ratio of 0.45, a quick ratio of 3.15 and a current ratio of 3.88. Soitec has a twelve month low of $56.47 and a twelve month high of $131.90.

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).