Siltronic AG (OTCMKTS:SSLLF) Sees Significant Drop in Short Interest

Siltronic AG (OTCMKTS:SSLLF) was the recipient of a significant drop in short interest during the month of January. As of January 15th, there was short interest totalling 20,700 shares, a drop of 27.9% from the December 31st total of 28,700 shares. Based on an average daily volume of 1,300 shares, the days-to-cover ratio is currently 15.9 days.

Analysts Set New Price Targets

Separately, Citigroup raised Siltronic to a “strong-buy” rating in a report on Thursday, October 10th.

Siltronic Price Performance

Shares of OTCMKTS SSLLF opened at $48.27 on Friday. The business has a 50 day simple moving average of $49.50 and a 200 day simple moving average of $63.98. Siltronic has a 52 week low of $43.43 and a 52 week high of $98.49.

About Siltronic

Siltronic AG, together with its subsidiaries, provides hyperpure semiconductor silicon wafers in Germany, rest of Europe, the United States, Taiwan and Mainland China, Korea, and Rest of Asia. It offers polished and epitaxial wafers. The company provides special products, such as Ultimate Silicon, an optimal crystal for polished wafers; Float zone/FZ, a wafer product based on the float zone method; and HIREF that offers low microroughness, and low-defect surface structure.