Synchronoss Technologies, Inc. 8.375% Senior Notes due 2026 (NASDAQ:SNCRL) Sees Large Growth in Short Interest

Synchronoss Technologies, Inc. 8.375% Senior Notes due 2026 (NASDAQ:SNCRL) was the target of a significant increase in short interest in the month of February. As of February 15th, there was short interest totalling 19,800 shares, an increase of 9,800.0% from the January 31st total of 200 shares. Based on an average daily trading volume, of 10,400 shares, the short-interest ratio is currently 1.9 days.

Synchronoss Technologies, Inc. 8.375% Senior Notes due 2026 Stock Performance

Shares of SNCRL stock opened at $24.82 on Friday. The business has a 50-day moving average of $24.84 and a 200 day moving average of $24.75. Synchronoss Technologies, Inc. 8.375% Senior Notes due 2026 has a 1-year low of $17.55 and a 1-year high of $26.30.

Synchronoss Technologies, Inc. 8.375% Senior Notes due 2026 Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Wednesday, January 15th were paid a dividend of $0.5234 per share. This represents a $2.09 dividend on an annualized basis and a dividend yield of 8.43%. The ex-dividend date was Wednesday, January 15th.

About Synchronoss Technologies, Inc. 8.375% Senior Notes due 2026

synchronoss technologies (nasdaq: sncr) is the mobile innovation leader that provides personal cloud solutions and software-based activation for connected devices across the globe. the company’s proven and scalable technology solutions allow customers to connect, synchronize and activate connected devices and services that empower enterprises and consumers to live in a connected world.