Satixfy Communications Ltd. (NYSEAMERICAN:SATX) Short Interest Update

Satixfy Communications Ltd. (NYSEAMERICAN:SATX) was the recipient of a significant increase in short interest in November. As of November 15th, there was short interest totalling 116,300 shares, an increase of 63.6% from the October 31st total of 71,100 shares. Based on an average daily volume of 98,800 shares, the short-interest ratio is presently 1.2 days. Currently, 0.4% of the shares of the stock are short sold.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Satixfy Communications stock. Senvest Management LLC grew its stake in Satixfy Communications Ltd. (NYSEAMERICAN:SATX) by 2.3% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,277,958 shares of the company’s stock after purchasing an additional 95,115 shares during the period. Senvest Management LLC owned approximately 5.15% of Satixfy Communications worth $3,024,000 at the end of the most recent reporting period. 5.04% of the stock is currently owned by institutional investors and hedge funds.

Satixfy Communications Stock Performance

Shares of SATX opened at $0.89 on Friday. Satixfy Communications has a 12-month low of $0.30 and a 12-month high of $1.11.

Satixfy Communications (NYSEAMERICAN:SATX) last posted its earnings results on Friday, September 6th. The company reported ($0.11) earnings per share for the quarter. The company had revenue of $4.15 million for the quarter.

Satixfy Communications Company Profile

Satixfy Communications Ltd. engages in the development of vertically integrated satellite communication systems and ground terminal chips worldwide. It offers application-specific and radio frequency integrated circuit chips, such as PRIME and BEAT antenna chips, which enable multi-beamforming and beam-hopping for satellite payloads and user terminals; and SX-4000 satellite payload chips, that enables digital on-board processing, beam- hopping, and enhanced connectivity needs, including positioning, navigation, and timing for LEO, MEO, and GEO satellite communications systems, as well as Aero/IFC systems, and certain COTM and on the pause applications.