Soitec SA (OTCMKTS:SLOIY) Short Interest Down 80.0% in April

Soitec SA (OTCMKTS:SLOIY) was the target of a significant decline in short interest during the month of April. As of April 15th, there was short interest totalling 100 shares, a decline of 80.0% from the March 31st total of 500 shares. Based on an average daily trading volume, of 100 shares, the days-to-cover ratio is currently 1.0 days.

Soitec Price Performance

Shares of Soitec stock remained flat at $51.68 on Friday. The business’s 50-day simple moving average is $63.34 and its 200-day simple moving average is $75.63. Soitec has a 1-year low of $51.68 and a 1-year high of $91.50.

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 offers Fully Depleted Silicon-On-Insulator (FD-SOI) for automotive radar and processors, and PD-SOI and FinFET-SOI products for high-performance computing markets.