Short Interest in Satixfy Communications Ltd. (NYSEAMERICAN:SATX) Expands By 74.5%

Satixfy Communications Ltd. (NYSEAMERICAN:SATXGet Free Report) was the target of a significant growth in short interest during the month of February. As of February 28th, there was short interest totalling 16,400 shares, a growth of 74.5% from the February 13th total of 9,400 shares. Based on an average trading volume of 246,600 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.1% of the shares of the stock are sold short.

Analysts Set New Price Targets

A number of research firms have issued reports on SATX. Northland Capmk upgraded Satixfy Communications to a “strong-buy” rating in a research report on Thursday, December 5th. Alliance Global Partners started coverage on shares of Satixfy Communications in a research report on Monday, December 16th. They issued a “buy” rating and a $2.50 target price on the stock. Finally, Northland Securities initiated coverage on Satixfy Communications in a research note on Thursday, December 5th. They issued an “outperform” rating and a $2.00 price target for the company.

View Our Latest Stock Analysis on Satixfy Communications

Satixfy Communications Trading Up 3.4 %

NYSEAMERICAN:SATX traded up $0.04 during mid-day trading on Friday, hitting $1.21. 142,964 shares of the company’s stock were exchanged, compared to its average volume of 235,597. Satixfy Communications has a fifty-two week low of $0.50 and a fifty-two week high of $2.39.

Hedge Funds Weigh In On Satixfy Communications

Hedge funds have recently modified their holdings of the business. Renaissance Technologies LLC increased its position in Satixfy Communications by 255.8% during the 4th quarter. Renaissance Technologies LLC now owns 199,597 shares of the company’s stock valued at $305,000 after purchasing an additional 143,497 shares during the period. Senvest Management LLC boosted its stake in shares of Satixfy Communications by 2.3% in the 3rd quarter. Senvest Management LLC now owns 4,277,958 shares of the company’s stock valued at $3,024,000 after purchasing an additional 95,115 shares during the last quarter. Finally, XTX Topco Ltd bought a new stake in shares of Satixfy Communications in the 4th quarter valued at $33,000. Institutional investors and hedge funds own 5.04% of the company’s stock.

Satixfy Communications Company Profile

(Get Free Report)

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.

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