Solvay SA (OTCMKTS:SVYSF) Short Interest Down 24.6% in December

Solvay SA (OTCMKTS:SVYSF) was the target of a significant drop in short interest in the month of December. As of December 15th, there was short interest totaling 1,036,658 shares, a drop of 24.6% from the November 30th total of 1,375,455 shares. Based on an average daily trading volume, of 1,228 shares, the days-to-cover ratio is currently 844.2 days. Based on an average daily trading volume, of 1,228 shares, the days-to-cover ratio is currently 844.2 days.

Solvay Price Performance

Shares of OTCMKTS:SVYSF opened at $31.83 on Tuesday. The stock’s 50-day simple moving average is $31.73 and its two-hundred day simple moving average is $32.48. Solvay has a 52-week low of $28.60 and a 52-week high of $39.40.

Solvay Company Profile

Solvay SA is a global specialty chemicals and advanced materials company headquartered in Brussels, Belgium. Founded in 1863 by Ernest and Alfred Solvay, the firm initially gained prominence for its development of an innovative ammonia-soda process for soda ash production. Over more than a century and a half, Solvay has expanded its portfolio through targeted research, acquisitions and strategic divestments, cementing its position as a leading supplier to a diverse range of industrial markets.

The company’s activities are organized into two primary business segments: Advanced Materials and Advanced Formulations.