Siltronic AG (OTCMKTS:SSLLF) Short Interest Down 19.9% in December

Siltronic AG (OTCMKTS:SSLLF) was the recipient of a large drop in short interest during the month of December. As of December 31st, there was short interest totaling 27,555 shares, a drop of 19.9% from the December 15th total of 34,393 shares. Based on an average daily trading volume, of 585 shares, the short-interest ratio is currently 47.1 days. Based on an average daily trading volume, of 585 shares, the short-interest ratio is currently 47.1 days.

Siltronic Stock Performance

Shares of Siltronic stock opened at $54.90 on Friday. Siltronic has a 52-week low of $36.21 and a 52-week high of $64.53. The stock has a 50-day simple moving average of $58.30 and a 200-day simple moving average of $54.27.

Wall Street Analyst Weigh In

Several research firms recently weighed in on SSLLF. Citigroup restated a “neutral” rating on shares of Siltronic in a report on Monday, November 3rd. Jefferies Financial Group raised Siltronic from a “hold” rating to a “strong-buy” rating in a report on Monday, October 20th. One equities research analyst has rated the stock with a Strong Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy”.

Siltronic Company Profile

Siltronic AG is a Germany‐based manufacturer specializing in the production of hyperpure silicon wafers for the semiconductor industry. These wafers serve as the foundational substrate for a wide array of electronic devices, including integrated circuits, discrete power components and sensor technologies. Headquartered in Munich, Siltronic’s wafers are a critical input used by chipmakers worldwide to fabricate advanced microelectronic components for consumer electronics, automotive systems and industrial applications.

The origins of Siltronic trace back to its establishment as a spin-off from Siemens’ semiconductor materials division in 2001.