Solvay SA (OTCMKTS:SLVYY) Short Interest Update

by · The Markets Daily

Solvay SA (OTCMKTS:SLVYY – Get Free Report) was the target of a significant decline in short interest in the month of September. As of September 15th, there was short interest totaling 21,766 shares, a decline of 52.2% from the August 31st total of 45,564 shares. Currently, 0.0% of the company’s shares are short sold. Based on an average daily trading volume, of 36,770 shares, the short-interest ratio is currently 0.6 days.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on SLVYY shares. Zacks Research downgraded Solvay from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 31st. Deutsche Bank Aktiengesellschaft upgraded Solvay from a “sell” rating to a “hold” rating in a report on Wednesday, June 10th. Four research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Reduce”.

Check Out Our Latest Analysis on SLVYY

Solvay Trading Down 1.5%

Shares of SLVYY opened at $2.69 on Thursday. The business’s fifty day moving average is $2.94 and its 200 day moving average is $3.00. Solvay has a 12-month low of $2.69 and a 12-month high of $3.38.

Solvay Company Profile

(Get Free Report)

Solvay SA is a Belgium-based chemical company that develops and manufactures essential materials and chemical products for industrial and consumer applications. Following the 2023 separation of its specialty businesses into Syensqo, Solvay focuses on essential chemistry and serves customers in sectors such as construction, consumer goods, food, healthcare, agriculture, automotive, and other industrial markets.

Its products include soda ash and sodium bicarbonate, which are used in glassmaking, detergents, chemicals, food, and healthcare; hydrogen peroxide and related peroxide-based solutions; and precipitated silica used in applications such as tires, footwear, and industrial products.

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